'Rate for Life' Postal Saver
The 'Rate for Life' Postal Savings Account from Bradford & Bingley gives you a competitive variable interest rate, guaranteed to beat the Bank of England base rate for life. You can manage your account entirely by Post.
Introducing the 'Rate For Life' Postal savings account
Our brand new savings account is guaranteed to pay you a competitive rate, by tracking 0.25% above the Bank of England base rate for life, so you'll be one of the UK's top 22% interest earners.
Summary Box - Key Product Information for our Savings Account.
Account Name:
Rate for Life
(Postal)
Interest Rates: (AERs)
£1,000+ 3.25% gross p.a./AER,
Variable
(rate guaranteed to match Bank of England Base Rate plus 0.25% for the life of the account)
Tax Status:
Gross or net of income tax, subject to eligibility
Conditions For Bonus Payment:
No Bonus
Withdrawal Arrangements:
Easy Access. Make withdrawals from your account any time - there is a minimum withdrawal of £250.
Access:
Postal
Well, first of all we recommend that you look at the full product brochure and terms & conditions. This will give you all of the information that you need to make the right decision and to make sure that this is the savings account for you. Then either click the link below to see the next steps - or pop into your local branch and just ask.
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.
Bradford & Bingley subscribe to the Banking Code, copies of which are available on our website, in our branches or can be requested by phoning our helpline.
Important Information:
- Postal only account, you will be supplied with everything you need to operate your account from the comfort of your own home.
- Start your account from just £1,000 up to as much as £500,000.
- Interest paid annually, with a monthly option available.
- Telephone service for checking your balance.
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How to Apply
or call us on 0845 600 8885* for an information pack
Product's Rate Detail
Rate for Life
(Postal)
| Balance | AER | AER† inc. bonus |
Gross p.a.% | Net p.a.% | Monthly Gross p.a.% |
Monthly Net p.a.% |
|---|---|---|---|---|---|---|
| £1,000+ | 3.25 | n/a | 3.25 | 2.60 | 3.20 | 2.56 |
* Calls may be monitored or recorded. Calls provided by BT will be charged at up to 4 pence per minute at all times. A set-up fee of up to 6 pence per call applies to calls from residential lines. Mobile and other providers' charges may vary. These charges may be subject to change in the future.
Bradford & Bingley's retail deposit business transferred to Abbey National plc on 29 September 2008.
Abbey National plc. Registered Office: Abbey National House, 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England. Telephone 0870 607 6000. Calls may be recorded or monitored. Authorised and regulated by the Financial Services Authority. FSA registration number 106054. Abbey and the flame logo are registered trademarks.
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