The Nottingham pays 4.15% on two-year bond
by David Masters
The Nottingham has unveiled a two year fixed-rate bond paying interest at a guaranteed 4.15% AER.
Savers can invest between £1,000 and £250,000 in the bond, which is managed remotely by post.
A saver investing £25,000 in the bond will see their savings grow by £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.
Discuss this in the Finance Markets forums
Story link: The Nottingham pays 4.15% on two-year bond
Related financial stories to: The Nottingham pays 4.15% on two-year bond:
- Nationwide rolls-out new fixed rate bonds
- Leeds postal bond pays 4.30%
- The Nottingham launches 5% regular saver
- Nationwide “throws down the gauntlet” with new bond rates
- NS&I reissues two-year fixed-rate bond
Next: UK unemployment reaches 2.2m »
Visited 1092 times, 3 so far today
No Comments »
No comments yet.
RSS feed for comments on this post.
Leave a comment
Tags: 4.15%, bond, fixed-rate, interest rate, new product, savings, The Nottingham, two years
