The Nottingham pays 4.15% on two-year bond

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The Nottingham has unveiled a two year fixed-rate bond paying interest at a guaranteed 4.15% AER.

Savers can invest between A?1,000 and A?250,000 in the bond, which is managed remotely by post.

A saver investing A?25,000 in the bond will see their savings grow by A?2,177 before tax through the two year term.

According to The Nottingham, the account is likely to be awarded a ‘best buy’ rate, meaning that it offers an attractive rate of interest, and customer-friendly terms and conditions.

Clare Roberts, The Nottingham’s savings products manager, said: “Any UK resident can take out this new fixed rate bond.

“We’re confident this account will be extremely popular.”

Customers can withdraw their savings from the account, penalty free, from 1 June 2011.

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