C&G launches two new fixed rate savings bonds

Cheltenham & Gloucester (C&G), part of Lloyds Banking Group, has launched two new competitive fixed rate bonds, offering rates up to 4.05per cent.

One Year Fixed-Rate Bond

The one year bond offers a flat fixed rate of 3.5 per cent on balances over £500.

Two Year Fixed-Rate Bond

C&G is also launching a Two Year Fixed Bond offering 4.05 per cent on balances of £50,000 and a competitive 3.8 per cent interest on balances of £500 to £49,999

Customers on both products can opt to earn interest on either a monthly or annual basis. Both accounts require a minimum opening balance of £500 and are operated by post.

Colin Walsh, managing director of savings and investment commented: "Many savers are feeling uncertain about the future and therefore want the security of knowing exactly what return they will receive on their savings and when they will get it. The guaranteed return offered on these new accounts, makes them ideal for savers looking to plan ahead."

For more information about the new fixed rate bonds visit cheltglos.co.uk