The Nottingham launches 2 year savings bond paying 3.75%

With effect from 26th August 2010 The Nottingham has launched a new Fixed Rate 3.75% savings bond with a fixed end date of 2nd September 2012.

This limited issue bond, managed remotely by savers via the postal service, pays a guaranteed 3.75% AER to all UK residents aged over 18, providing they invest a minimum of £1,000 and a maximum of £250,000.  After 3rd September 2012, savers are able to withdraw their money penalty free.

Rachel Kolebuk, Senior Product Marketing Manager at The Nottingham, commenting on the bond said, "We believe that this account will appeal to those looking to invest their money in an account that is offering what we believe to be a ‘best buy' rate.  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. We are confident this account will be extremely popular and anyone who is looking to take advantage of this opportunity should act now."