The new bond is available to investors with a minimum deposit of GBP1,000 and can be opened online as an e-bond, or as a certificate-based bond over the telephone or through a local branch.
Customers who wish for their interest to be credited on a more regular basis will be offered a monthly interest rate of 5.84% AER.
Investors seeking for a shorter commitment period for their savings can take out the limited edition one-year fixed-term bond, which offers an annual interest rate of 5.80% AER and a monthly interest rate of 5.65% AER.
Ian Cornelius, director of savings at Bradford & Bingley, said: Our highly competitive fixed-term bonds offer customers a great way to make the most of their savings, secure in the knowledge the interest rate will be fixed for the term of the bond.
