Bradford & Bingley launches My Time Postal Account

Bradford & Bingley has launched the My Time Postal Account, an easy access postal account that offers a market-leading rate of 6.30% gross p.a/AER.

Customers require a deposit of £1,000 to open the account and can invest up to £2m. A minimum withdrawal of £250 can be made at any time from the account by either BACS to a nominated account or by cheque.

The account also offers the option of an attractive monthly interest rate of 6.13% gross (6.30% AER) to savers who want their interest to be credited on a more regular basis.

Customers can open a My Time Postal Account by collecting an application form from their local branch, telephoning 0845 7247 247 to request a form, or clicking onto www.bradford-bingley.co.uk .

Paul Whitlock, head of savings at Bradford & Bingley, said: “The My Time Postal Accountis ideal for customers who are looking to earn an attractive rate on their money while retaining the flexibility offered by easy access.

Many savers enjoy the convenience that a postal account offers them and My Time Postal Account'srate of 6.30% gross p.a/AER means that customers can earn a great rate of interest while managing their money in a way that suits them."