Both the six-month eBond, only available online, and the six-month bond rates at 6.40% pa gross, allowing customers to enjoy a market leading rate. The annual equivalent rate is 6.50%. Each of the bonds has a minimum deposit requirement of GBP1,000, with a maximum balance extending to GBP2 million. No withdrawals are permitted until maturity. All products offer the option of a monthly interest rate for savers who would like their interest to be paid on a more regular basis.
Paul Whitlock, head of savings business at Bradford & Bingley, said: With both the eBond and the regular bond offering the same rate, customers can choose to arrange their savings in a way that is most convenient to them. Our fixed term six-month bonds offer great value to those investors who want to take advantage of exceptional fixed savings rates but who don’t want to have to tie their money up for a long period of time.
