Bradford & Bingley fixed-term bonds launched

www.moneynews.co.uk > Banking > Bradford & Bingley fixed-term bonds launched

Bradford & Bingley fixed-term bonds launched

Fri 31st Aug 2007

Bradford & Bingley launches two fixed-term bonds on Monday September 3rd that it claims will offer savers "market-leading" features.

The six-month bond and the online-only six-month eBond both come with a "highly competitive" gross interest rate of 6.40 per cent - or 5.12 per cent net - per annum, with an AER of 6.50 per cent.

Ian Cornelius, Bradford & Bingley's director of savings, said that six-month bonds are a "great" way for customers to take advantage of a fixed-rate without having to make a long-term commitment.

"Our fixed-term bonds offer great value to those investors who want to take advantage of exceptional savings rates with the added security of guaranteed returns," he added.

Recent research by the Post Office found that 24 per cent of people in the UK do not save money, while 32 per cent do so only infrequently.

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