Money News
Bradford & Bingley is to launch a limited edition quartet of fixed rate bonds - the new range including a 6-month fixed rate bond at 6.10% p.a. gross (6.19% AER) 4.88% net, which matures on September 30th 2008 and is available through branches.
Online savers can take advantage of the same rate by opening a new 6-month fixed rate eBond, which will mature on the account's 6-month anniversary of opening.
Also being made available is a 1-year fixed rate bond as well as a 1-year fixed rate eBond, both paying 6.10% p.a. gross/AER, 4.88% net.
The 1-year fixed rate bond matures on March 30th 2009 and is available through branches. The 1-year fixed rate eBond matures on the anniversary of the account's opening. A monthly interest rate option (6.02% p.a. gross, 4.82% net p.a.) is available to savers who would like their interest to be paid on a more regular basis.
All four bonds have a minimum deposit requirement of £1,000 and a maximum permitted balance of £2,000,000.
No further deposits or withdrawals are allowed until maturity.
05 March 2008 © Moneyextra.com
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