Financial services provider Bradford & Bingley has unveiled details of two new savings bond products for its banking customers.
The new one-year fixed-term savings bond offers a 5.5 per cent annual equivalent rate if the holder chooses to have interest paid annually, while the two-year alternative savings bond will pay out an annual equivalent rate of 5.7 per cent to reward those people who are willing to invest in a long term savings vehicle.
Moreover, investors have also been given information about how much money can be invested.
A minimum sum of £1,000 and a maximum of £250,000 can be put into the savings bonds.
Steve Potter, head of savings at Bradford & Bingley, commented on the new savings bonds.
"Bradford & Bingley's new fixed-term bonds offer among the best rates on the high street and are a great, risk-free way for savers to take advantage of current good interest rates," he said.
Under the format, investors put money into a savings bond in the knowledge that they will receive the original sum and an agreed amount of interest on that figure after a set period of time.
Financial services provider launches two savings bonds
Financial services provider launches two savings bonds
Tue, 30 Jan 2007
Recommended links
Portal to find the best savings ratesSavings enquiry form
Compare savings bonds
Compare individual savings accounts
Nationwide launches fixed-rate savings bonds
New savings bond from Coventry
<% Randomize: ord=int(rnd*1000000000) %>
 %>?)
| savings news |
|---|
| Skipton launches new savings bonds - Wed, 19 Nov 2008 |
| Take out a fixed savings account now, expert urges - Mon, 17 Nov 2008 |
| Credit unions offer good savings accounts, CEO claims - Fri, 14 Nov 2008 |
| More News |
