Fixed And Variable Bonds Launched

Savings specialist, Bradford & Bingley International (BBI) has launched a new 1-year fixed rate savings bond along with a new variable rate Tracker Bond, which tracks at up to 3.00% above the Bank of England Base.

Fixed Rate Bond (Issue 59) offers savers annual or monthly interest at a rate of 3.00% p.a. AER. The fixed rate bond matures on 28th May 2010.

Tracker Bond (Issue 3) is also a 1-year Bond offering a variable interest rate with tiered tracking levels of up to 3.00% above Bank of England Base Rate, again with annual and monthly interest options.

Both have limited availability and will close on 29 May 2009 or before if fully subscribed.

BBI's Managing Director, John Pearson commented "Bonds are proving to be extremely popular with savers in the current low interest rate environment. I am pleased that we have been able to offer a choice between a 3% fixed rate or a tracker bond which will pay at least 3% for the next year for those who qualify for that tracking level."

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.