Bradford & Bingley launches What If? Saver Special Edition

Bradford & Bingley has launched the What If? Saver (Special Edition), an attractive instant access savings account with an enhanced variable rate of 6.25% p.a. gross (5.75% AER), further increasing the bank’s highly competitive savings range.

It is ideal for those customers looking to earn a competitive rate on their savings whilst retaining the flexibility offered by instant access.

In addition, the high street bank has also raised the rate on its popular My Time Postal Account, the easy access postal account.

The attractive rate of 6.25% p.a. gross on the What If? Saver (Special Edition) is inclusive of a 1% p.a. gross bonus which will apply to all balances for the first 180 days from the anniversary of the account opening. After this period the rate alters to 5.25% p.a. gross. Customers require a deposit of £2,000 to open the account and can invest up to £2m. A minimum withdrawal of £250 is required and customers can make up to four free withdrawals of £250 per calendar year without incurring an interest penalty.

The account also offers the option of an attractive monthly interest rate of 6.08% p.a. gross, inclusive of bonus, (5.13% p.a. gross excluding bonus) for savers who want their interest to be credited on a more regular basis.

Customers can open a What If? Saver (Special Edition) by visiting their local branch, telephoning 0845 7247 247 to request an application form, or clicking onto bradford-bingley.co.uk.

In addition to the launch of the What If? Saver (Special Edition), Bradford & Bingley has also further enhanced the already attractive My Time Postal Account by increasing its savings rate from 6.30% to 6.45% p.a. gross (6.45% AER), variable. This new rate will apply to both new and existing savers.

Paul Whitlock, head of savings at Bradford & Bingley, said: “The What If? Saver (Special Edition) account is ideal for customers who are looking to earn an attractive rate on their money whilst retaining the flexibility offered by instant access. Life is unpredictable and it pays to be financially prepared for any unforeseeable surprises that may arise. The account is perfect as it enables savers to make the most of their money whilst offering the convenience that comes with an instant access account. That way, when life springs one of her opportunities on you, such as the holiday of a lifetime or simply those ‘must-have’ shoes you’ve been saving for, the convenience of the What If? Saver (Special Edition) account will help you to make the opportunity a reality.”