Abbey, A&L and B&B launch new Fixed Rate Bonds

This week, Wednesday 2 December, Abbey, Alliance & Leicester and Bradford & Bingley are launching a new range of Fixed Rate Bonds, available to both new and existing customers.

For those customers who want a guaranteed rate of interest but don't want to lock their money away for the long term, the rate on our One Year Fixed Rate Bond has been increased to pay up to 3.00 per cent (previously 2.75 per cent).

Reza Attar-Zadeh, Director of Savings and Investments, said: "We're pleased to offer these increased rates and believe that this bond provides excellent value for customers looking for a fixed income.  This new bond complements our competitive range of fixed rate savings which continues to include our 2 Year Fixed Rate bond paying 4.00 per cent gross/AER and our one year fixed rate Fixed Rate Monthly Saver, a regular savings account also paying 4.00 per cent gross/AER, allowing savers to put aside as little as £20 a month up to £250 a month".

Our Two Year Fixed Rate Bond offer has been extended to allow more customers to take advantage of the 4.00 per cent gross/AER offered for balances over £10,000.

Reza Attar-Zadeh continued "We remain committed to offering competitive savings accounts to help people save and plan for their future and with the backing of Santander, one of the worlds largest banks, savers have peace of mind and confidence when saving with us."

Customers can apply for the fixed rate bonds either by visiting any local branch of Abbey, Alliance & Leicester and Bradford & Bingley, by visiting abbey.com and bradford-bingley.co.uk.

These fixed rate accounts are available for a limited time only and may be withdrawn without notice, so we would encourage people to open one without delay.