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Bradford & Bingley launches 2.35% two-year bond

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by David Masters

Bradford & Bingley has launched a new two-year fixed-rate bond paying 4.35% interest.

The bond requires a minimum deposit of £10,000, and no withdrawals are permitted during the life of the bond.

Savers looking to take advantage of the bond must have internet access as it is only available online.

Reza Attar-Zadeh, director of savings and investments, said: “We are committed to offering customers savings accounts with competitive rates that enable people to save and plan for their futures.

“This new rate is available for new and existing customers via Bradford & Bingley online, 24 hours a day, however savers should act fast as this is available for a limited time only.”

In related news, Bradford & Bingley recently launched a two-year fixed-rate ISA paying interest at 3.5% tax free.

The minimum balance required to open the ISA is £1.

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News posted: September 15, 2009

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