Bradford & Bingley Launches Internet Savings Account

Bradford & Bingley, a financial services company focused on providing mortgages and savings products, has launched Internet Saver 2, an internet only account with no hidden catches.

Internet Saver 2 account provides a best buy rate of 6.40% per annum gross/AER variable, as well as offering savers easy access to their money without penalty.

The Internet Saver 2 account requires a minimum deposit of just GBP1, with a maximum balance extending to GBP250,000. No notice is required for withdrawals, which can be made on a penalty-free basis via BACS transfer to the customer’s nominated bank account.

Paul Whitlock, head of savings at Bradford & Bingley, said: “In a competitive market customers need to ensure they choose a product which offers them transparency and flexibility as well as a competitive rate. We think our Internet Saver 2 account offers customers the best of both worlds and is perfect for ‘cash rich, time poor’ customers who want to manage their money at a time that is convenient for them.”