Bradford & Bingley postal account launched

www.moneynews.co.uk > Banking > Bradford & Bingley postal account launched

Bradford & Bingley postal account launched

Tue 20th Nov 2007

A new Bradford & Bingley postal account has been introduced today, the bank has announced.

The My Time Postal Account offers a rate of 6.30 per cent gross per annum AER and a minimum deposit of £1,000 is required to open it.

Additionally, customers who would like interest to be credited on a monthly basis may choose the option of a 6.13 per cent gross rate.

A withdrawal of £250 can be carried out by either BACS to an indicated account or via a cheque.

Paul Whitlock, head of savings at Bradford & Bingley, commented: "The My Time Postal Accountis ideal for customers who are looking to earn an attractive rate on their money while retaining the flexibility offered by easy access."

He added that "customers can earn a great rate of interest while managing their money in a way that suits them".

Last month, Bradford & Bingley launched eSavings5, an internet-only savings account that pays 6.20 per cent per annum gross AER.

Related News : Banking
	Young people 'should be taught to save'
	Families 'should plan for their children's future
	Switching bank accounts 'not as easy as banks portray'
	Brits facing finance difficulties 'should talk to their bank'
	Brits 'should utilise Isa allowances'
	Brits advised on investment options
	Children 'should be given bank accounts at 16'
	Falling inflation 'could help Brits save'
	Money worries 'are mounting for many'
	Contactless payment 'is secure and convenient'

Related News : Bradford and Bingley
	Santander banks launch new bonds
	Moneyfacts.co.uk rates best-performing cash ISAs
	Abbey and Alliance & Leicester: ISA changes will encourage saving
	uSwitch: Loans rates up 9% in 28 days
	Shoppers go back to basics as crunch continue to bite
	Bradford & Bingley announce new bond rates
	Which? finds comparison websites inconsistent
	Bradford & Bingley fixed-rate bonds to be launched
	Bradford & Bingley notice savings accounts launched
	Bradford & Bingley bond launched for limited period