Bradford & Bingley fixed-rate bond launched
www.moneynews.co.uk > Banking > Bradford & Bingley fixed-rate bond launched
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Money News |
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Bradford & Bingley fixed-rate bond launched
Mon 21st Apr 2008
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Customers signing up the eBond who would like to have their interest paid monthly will receive a rate of 6.22 per cent gross.
The limited-edition bond has a maximum balance limit of £2 million and a minimum deposit requirement of £1,000.
Customers will not be permitted to transfer in any further deposits once the accounts have been opened and withdrawals are not allowed until the account has matured, which will happen on the first anniversary of its opening.
Paul Whitlock, head of savings at Bradford & Bingley, said: "Our one-year eBond is ideal for online savers who are looking to lock into a market-leading fixed rate."
Last week Alliance & Leicester launched four new fixed-rate bonds, for periods of six months, one year, two years, and three years.
Related News : Banking |
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Related News : Bradford and Bingley |
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