The Nottingham 2-year fixed-rate bond 'a big hit'

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The Nottingham 2-year fixed-rate bond 'a big hit'

Wed 20th May 2009

Consumers are snapping up the chance to take out The Nottingham's two-year fixed-rate bond, which has proved to be particularly popular since its recent launch, the group has said.

Managed by savers through the post, the bond pays an interest rate of 4.35 per cent AER to those who deposit a minimum of £1,000.

The account is also limited issue, which means the funds can be extracted at any time - and after June 1st 2011 users can also take advantage of penalty-free withdrawal.

Clare Roberts, The Nottingham's savings product manager, explained that "this account has proved extremely popular".

She added: "Anyone who is looking to secure a competitive deal and take advantage of our current fixed-rate of 4.35 per cent should act now before it's too late."

Another high street bank to offer a new fixed-rate savings bond of late is Barclays.

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