Bradford & Bingley announce new bond rates

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Bradford & Bingley announce new bond rates

New six-month fixed-rate bonds have been launched by Bradford & Bingley.

The bonds, at 6.50 per cent AER, are available to customers through branches or by phone.

Internet users can open an eBond online for this rate.

The two bonds require a minimum deposit of £1,000 and have a maximum permitted balance of £2,000,000.

In addition, a one-year fixed-rate bond and a one-year fixed-rate eBond are also available, both paying 6.70 per cent AER.

Tim Anson, head of UK savings at Bradford & Bingley, said the products offered "reassurance" to customers.

Meanwhile, Baronworth Investment Services (BIS) has announced the rates for Guaranteed Growth Bonds maturing in January 2010, 2011 and 2012.

They range from 5.11 per cent for the shorter period to 5.37 per cent for the longer deals.

BIS said that the full return of capital at the end of the term is guaranteed and not linked to an index of any kind.

It added that the rates were "highly attractive" and that the deals come with a compensation scheme.

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