The Nottingham fixed rate savings bonds 'features best buy interest rate'

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The Nottingham fixed rate savings bonds 'features best buy interest rate'

Fri 27th Aug 2010

A savings expert from The Nottingham has lauded the interest rate of a new product and predicted the deal could become very popular among consumers.

Senior product manager at the firm Rachel Kolebuk urged people to act quickly if they want to sign up for the two-year fixed rate savings bond, which offers clients a return of 3.75 per cent.

"We believe that this account will appeal to those looking to invest their money in an account that is offering what we believe to be a best buy rate," she remarked.

The limited issue product is managed remotely by savers and has a fixed end date of September 2nd 2012, after which customers can withdraw cash from the account without incurring a charge.

Last month, The Nottingham unveiled a four-year fixed rate savings arrangement offering 4.2 per cent interest paid annually on a minimum balance of £1,000 and maximum of £250,000.

The account is also operated by post.

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