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Bradford & Bingley launches new one-year fixed rate bond

Bradford & Bingley has launched its new one-year fixed rate bond with 6.40% pa gross/AER.

The limited edition bond has a minimum deposit requirement of GBP1,000, with a maximum balance extending to GBP2 million. No further deposits or withdrawals are permitted until the account matures on the anniversary of its opening.

Customers who would prefer their interest to be credited on a more regular basis can attain a monthly interest rate of 6.22% pa gross.

Paul Whitlock, head of savings at Bradford & Bingley, said: Our one-year fixed rate bond is ideal for savers looking to maximize the returns on their savings by locking into a market-leading fixed rate.