Two New Fixed Rate Bonds Launched

Bradford & Bingley International (BBI) has launched new 1-year and 2-year fixed rate savings bonds to compliment the Tracker Bonds already available to savers.

Fixed Rate Bond (Issue 54) is a 1-year Fixed Rate Bond offering annual and monthly interest options paying 3.25% AER.

Fixed Rate Bond (Issue 55) is a 2-year Fixed Rate Bond offering annual and monthly interest options paying 3.50% AER in the first year and 4.00% AER in the second year.

Both have limited availability and will close on 31 March 2009 or before if fully subscribed. Demand is expected to be high for these fixed rate so interested savers should act quickly to avoid disappointment.

BBI's Managing Director, John Pearson commented "Despite reducing base rate we have been able to secure savers two great interest rates for longer term savings. I'm sure that these fixed rate accounts will be well received by savers, particularly those relying upon earning an income from their savings."

BBI are now part of Abbey and the Santander Group. Customers can be confident in Santander's AA rating from Standard & Poor's and that deposits with Bradford & Bingley International are covered by the full and unconditional guarantee of Abbey.