The Nottingham fixed-rate bond brings 4.15% return

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The Nottingham fixed-rate bond brings 4.15% return

A new fixed-rate bond from The Nottingham building society will pay out a guaranteed 4.15 per cent return over two years to those who opt for it, it has been revealed.

If they invest a minimum of £1,000, customers, who must be aged 18 or over, will enjoy an Annual Equivalent Rate of 4.15 per cent.

"Any UK resident can take out this new fixed rate bond and earn a highly competitive rate of interest," explained Clare Roberts, savings product manager at The Nottingham.

She added: "In practical terms, this means someone investing £25,000 will see their savings grow by £2,177, before tax."

Furthermore, after June 1st 2011, savers will be able to withdraw their funds without being subject to a penalty.

Another bank to launch a fixed-rate bond over the last week is Alliance and Leicester, which is currently offering an interest rate of 2.81 per cent.

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