The bonds are available with a monthly interest rate option, for savers who prefer their interest to be credited on a more regular basis and both bonds have a minimum deposit requirement of GBP1,000, with a maximum balance extending to GBP2 million.

Paul Whitlock, head of savings at Bradford & Bingley, said: Our fixed rate bonds offer headline rates that shrewd savers will find hard to resist. They provide great value to canny investors who want to take advantage of attractive savings rates with the added security of guaranteed returns.