New fixed-rate bonds launched
5.09.2008
Bradford and Bingley is offering savers the opportunity to take advantage of a new fixed-rate bond with a rate of 6.4 per cent.
People can take out the bond through the firm's local branches or by choosing its eBond, which is available online.
Each requires a minimum deposit of £1,000 and has a maximum balance of £2 million.
Tim Anson, head of UK savings at Bradford and Bingley, said the new bonds offer customers a "highly competitive" fixed-rate on their savings.
"Customers also have the option of receiving interest either monthly or at the end of the six-month term, giving them greater choice over how they manage their money," Mr Anson remarked.
The company recently launched a new savings account enabling customers to access their funds without risking losing any interest after a notice period of 30 days.
Its Notice Saver account has a variable annual interest rate of 5.35 per cent on balances between £1,000 and £49,999.99, while balances between £50,0000 and £249,999.99 benefit from a rate of 5.6 per cent.
People can take out the bond through the firm's local branches or by choosing its eBond, which is available online.
Each requires a minimum deposit of £1,000 and has a maximum balance of £2 million.
Tim Anson, head of UK savings at Bradford and Bingley, said the new bonds offer customers a "highly competitive" fixed-rate on their savings.
"Customers also have the option of receiving interest either monthly or at the end of the six-month term, giving them greater choice over how they manage their money," Mr Anson remarked.
The company recently launched a new savings account enabling customers to access their funds without risking losing any interest after a notice period of 30 days.
Its Notice Saver account has a variable annual interest rate of 5.35 per cent on balances between £1,000 and £49,999.99, while balances between £50,0000 and £249,999.99 benefit from a rate of 5.6 per cent.