Nottingham launches 3.75% fixed-rate bond

The Nottingham has launched a new fixed-rate bond offering a savings interest rate of 3.75 per cent.

A limited issue bond, the product has a fixed end date of September 2nd 2012.

It is to be managed remotely by savers via the postal service, and pays a guaranteed 3.75 per cent to all UK residents aged over 18 providing they invest a minimum of £1,000 and a maximum of £250,000.

On September 3rd 2012, customers are able to withdraw their money without incurring any penalty.

Rachel Kolebuk, senior product marketing manager at The Nottingham, said the account would appeal to those looking to invest their money with a 'best buy' rate.

"We are confident this account will be extremely popular and anyone who is looking to take advantage of this opportunity should act now," she said.

The AA recently launched a new internet access account offering a typical savings interest rate of 2.7 per cent. 

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2010-08-27 12:00:07 © Moneyextra.com