The new range of products will include a six-month bond, which can offer a rate of 6.40% pa gross, 5.12% pa net. In addition, there is a one-year bond, which can offer a rate of 6.40% pa gross/AER, 5.12% pa net, and an attractive two-year bond, with a rate of 6.20% pa gross/AER, 4.96% pa net.
For customers who prefer to save online, there are also two internet-only eBonds available. The six-month eBond has a competitive rate of 6.40% pa gross/6.50% AER, 5.12% pa net. The one year eBond also has a rate of 6.40% pa gross/AER, 5.12% net. The eBonds are only available online at the company’s website.
All products are available with a monthly interest rate, for savers who prefer their interest to be credited on a more regular basis. All of the fixed rate bonds have a minimum deposit requirement of GBP1,000, with a maximum balance extending to GBP2 million. The new bonds will not allow withdrawals until maturity.
Paul Whitlock, head of savings at Bradford&Bingley, said: Our fixed rate bonds offer great value to those investors who want to take advantage of attractive savings rates with the added security of guaranteed returns.
