UK-based Abbey, Alliance & Leicester and Bradford & Bingley, part of the Santander Group, have launched their latest range of fixed-term savings bonds which are on offer until May 1, 2009.
The new two-year fixed rate annual bond pays 3.80% gross rate pa/AER for a tier of GBP30,000+ and 4.01% gross rate pa/AER for a tier of GBP100,000+, while the net rate pa is 3.04% and 3.21% for the two tiers, respectively.
The two-year fixed rate monthly bond pays 3.74% gross rate pa/AER for a tier of GBP30,000+ and 3.94% gross rate pa/AER for a tier of GBP100,000+, and 2.99% and 3.15% AER for the two tiers, respectively. The bond pays a net rate pa of 3.80% for the GBP30,000+ tier and 4.01% for the GBP100,000+ tier.
Abbey, Alliance & Leicester and Bradford & Bingley have also launched a one-year fixed rate bond, paying up to 3% gross pa/AER and also offering a monthly interest option.
In addition, both Abbey and Alliance & Leicester have maintained the rate on their Super Saver at 5.50% gross pa/AER. Super Saver is a limited edition 12-month fixed rate for customers who put an equal amount or more into a qualifying investment product which includes the capital guaranteed range. The minimum deposit is GBP1, and maximum investment is GBP2m.
