Fixed-rate bond promises savers 4.15% return for two years

The Nottingham has launched a new, fixed-rate savings bond catering for savers seeking to invest up to £250,000.

The bond - managed remotely by savers via the postal service - pays a guaranteed interest rate of 4.15% AER to all UK residents aged over 18, providing they invest a minimum of £1,000.

"We believe that this account will appeal to those looking to invest their money in an account that is offering what we believe will be a ‘best buy' rate," commented Clare Roberts, savings product manager at The Nottingham.

To be deemed a "best buy", a savings account must offer an attractive rate of interest and a range of customer-friendly terms and conditions.

"Any UK resident can take out this new fixed rate bond and earn a highly competitive rate of interest," added Clare Roberts. "In practical terms, this means someone investing £25,000 will see their savings grow by £2,177, before tax."

"We're confident this account will be extremely popular. Anyone who is looking to secure a really good deal should take advantage of this opportunity and act now."

After 1 June 2011, savers are able to withdraw their money penalty-free.

For more information, visit thenottingham.com