Bradford & Bingley fixed-rate bonds launched

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Bradford & Bingley fixed-rate bonds launched

A new portfolio of fixed-rate bonds has been revealed by Bradford & Bingley today.

The building society has introduced three new fixed-rate bonds that allow deposits between £1,000 and £2 million.

Bradford & Bingley offer a 6.25 per cent gross rate of interest, per annum, on its one-year fixed rate bonds and a 6.00 per cent rate on its two-year product.

The bonds mature on January 15th 2009 and 2010 respectively with no withdrawals being permitted.

Bradford & Bingley head of savings Paul Whitlock believes that customers will be able to find a suitable product from the building society's "terrific trio of fixed-rate bonds".

"All three products offer a highly competitive rate to savers who are looking for the reassurance of a fixed return on their savings," he added.

Last month the building society launched a range of new internet-based fixed-rate bonds that paid a net annual rate of 5.12 per cent in interest over a six-month or one-year period.
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