Fixed Rate Bonds
Santander’s savings brands launch fixed-rate bonds
Jennifer Lowe | Latest investment news, 06 April 2009
Abbey, Alliance & Leicester and Bradford & Bingley have launched their latest range of fixed-term savings bonds for customers looking for a guaranteed return.
Savers looking for an account that offers them a guaranteed rate of interest for a fixed period of time can call into their local branch to open the new bonds, which are on offer until 1 May 2009.
The 2 Year Fixed Rate Bond offers savers a rate of 3.80 per cent pa/AER on balances of £30,000 or more and a rate of 4.01 per cent pa/AER on balances above £100,000. The product also offers a monthly interest option.
Abbey, Alliance & Leicester and Bradford & Bingley have also launched a 1 Year Fixed Rate Bond, paying up to three per cent gross pa/AER and also offering a monthly interest option.
In addition, both Abbey and Alliance & Leicester have maintained the rate on their competitive Super Saver at 5.50 per cent gross pa/AER.
Super Saver is a limited-edition 12-month fixed rate for customers who put an equal amount or more into a qualifying investment product, which includes the capital-guaranteed range. The minimum deposit is £1 and maximum investment is £2 million.
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