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May 12, 2009    

The Nottingham pays 4.15% on two-year bond

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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.

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