The limited edition bond has a minimum deposit requirement of GBP1,000 with a maximum balance extending to GBP2 million. Withdrawals are not permitted until maturity on July 16, 2008.
The bond offers a monthly interest rate of 6.31% pa gross, to customers who would prefer their interest to be credited on a more regular basis. Customers can open the bond by calling into their local Bradford & Bingley branch.
Paul Whitlock, head of savings at Bradford & Bingley, said: Our six-month fixed rate bond is ideal for customers who want to earn an attractive fixed return on their savings but who don’t want to have to tie their money up for a long period of time. With the bond due to mature in July, it’s a great way for customers to not only put aside some spending money for next year’s summer holiday, but to make the most of their money with the highly competitive rate of interest on offer!
