Savings specialist Bradford and Bingley International (BBI) has launched a new, limited-availability fixed-rate one-year savings bond.
The Isle of Man-based bank announced on December 8 that the Fixed Rate Bond (Issue 52) is available for balances of GBP5,000 and above. Interest is payable either on maturity at 4.00% or monthly earning 3.93% (4.00% AER).
BBI's Managing Director John Pearson commented: "With the recent reduction of the Bank of England base rate from three to 2%, this bond represents a great opportunity for savers."
BBI is now part of Abbey and the Santander Group.
Fixed rate Bond (Issue 52) is available throughout December or until it is sold out. It will be issued on a first come first served basis.
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