Bradford & Bingley Structured Bonds launched

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Bradford & Bingley Structured Bonds launched

A pair of Bradford & Bingley Structured Bonds have been announced today, combining a one-year fixed interest rate with the option to benefit from stock market growth.

The deposit-based accounts will split a customer's investment between a one-year Fixed Term Bond and either a three-year or five-year Guaranteed Equity Bond, which will pay 70 and 100 per cent of the growth in the FTSE 100 index respectively.

For the three-year option the interest rate on the opening one-year bond will be 7.25 per cent gross per year, while on the five-year package a rate of 6.75 per cent will apply for the twelve-month fixed period.

Savers' investment will not actually be made in the stock market, it will only track its performance, therefore invested capital is guaranteed on return if the market sees a decline.

Steve Potter, head of savings at Bradford & Bingley, said: "These 50/50 bonds are a great combination allowing savers to take advantage of a high interest rate and growth in the stock market without the risk of losing money."

Both of the Bradford & Bingley Structured Bonds require a minimum investment of £500 in each part of the account and allow a maximum investment of £250,000 overall.

The products are available until April 29th.

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