6 Month Fixed Rate Bond (Issue 29)

‘I don’t want to take too many risks. And that goes for making decisions about savings. I’m happy to leave my money in for a while, but in return I want to know I’m getting something extra for it. Can you help?'

Our 6 Month Fixed Rate Bond could be just what you are after, offering a rate of  6.35% AER (6.25% p.a. Gross).

Key Features:

• The interest rate is guaranteed until 19th November 2008.
• There is no cooling off period, and no withdrawals can be made until maturity.
• After the maturity date of 19th November 2008, you can have instant access to your account and make withdrawals by cheque or cash.
• You select a one-off lump sum amount to save, between £1,000 and £2 million. After you've made your initial deposit, no further additions are allowed.
• Operates through branch and post only.
• If you choose to have interest paid on maturity, this can be credited back into your account or paid out to you.
• Monthly interest is paid on the 1st of each month until maturity and must be paid out.
• After the Maturity date, all accounts will pay a variable rate of interest linked to our Matured Bond account. Interest will be added annually thereafter on 31st March.

With a minimum deposit of just £1,000, its easy to start saving.

Remember these bonds are limited issue and can be withdrawn without notice.

What does AER mean?
Every savings product that shows an interest rate must show the AER. It stands for Annual Equivalent Rate and shows what the interest would be if it were paid and added each year. We do this so you can compare our accounts more easily.

Account Opening Requirements:

Well, first of all we recommend that you look at the full product brochure, just to make sure that this is the savings account for you. After that, have a good look at the terms & conditions - this will give you all of the information that you need to make the right decision.

Bradford and Bingley subscribe to the Banking Code, copies of which are available by request by visiting our Branches or telephoning our helpline.