Need a secure home for your savings? Look no further!
Savers looking for a secure home for their hard earned savings that pays an attractive interest rate have the choice of four new bonds from savings specialist, Bradford & Bingley International (BBI). With terms from 6 months to 2 years and options for fixed and variable rate bonds, savers can cherry pick the account that best suits their needs. Savers may also be interested to know that these bonds have been rated 4 stars by Moneyfacts expert research team*.
If a great rate is what you are after and you can fix your deposit for a period of two years then Fixed Rate Bond (Issue 66) pays 4.00% from just £5,000. This is a 2 year fixed rate bond** with interest paid at maturity on 30th September 2011.
Savers looking for a one-year deposit option have a choice between a fixed and a variable rate bond. Fixed Rate Bond (Issue 65) is a 1-year fixed rate bond offering annual and monthly interest options paying up to 3.50%. Savers can deposit from £5,000 into the bond which matures on 30th September 2010. Tracker Bond 6 is also a 1-year bond offering a variable rate of interest that tracks at up to 2.75% above the Bank of England Base Rate. Tracker Bond 6 also offers annual and monthly interest with deposits starting from £5,000.
Exclusively for Isle of Man residents, BBI have also launched a 6-month fixed rate bond paying 3.25% for deposits of £25,000 and above. Manx Bond (Issue 1) is offering on-maturity and monthly interest options and matures on 31st March 2010.
All four bonds have limited availability and will close on 28 September 2009 or before if fully subscribed.
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 a full and unconditional guarantee from Abbey.
For more information on the above bonds, including Terms and Conditions and an application pack, visit the Savings Bonds section of this website.
*Moneyfacts have awarded this product range 4 stars. A 4 star rating signifies that these are market leading products, but have some restrictions.
**IMPORTANT NOTE FOR EU RESIDENTS - From 1 July 2011, the Isle of Man will be moving to automatic exchange of information as part of the European Union Savings Tax Directive (EUSD). Fixed Rate Bond (Issue 66) matures after 1 July 2011 with interest payable on maturity and will be subject to automatic exchange of information at this time.