BBI: Offshore savings bank offers 6.30% fixed rate bond

bbi-reduced.jpgBradford & Bingley International has announced its latest one year fixed rate savings bond with emergency access.

Bradford & Bingley International, an offshore savings bank, have launched a limited-edition, one year fixed rate savings bond. Fixed Rate Bond (Issue 38) is paying up to 6.30% and matures on 31 March 2009.

The fixed rate savings bond can be opened with deposits of £5,000 or more with savers able to choose from interest on maturity or monthly. The closing date for applications is 31 March 2008 or before if fully subscribed.

Despite being a fixed account, BBI bond holders have the additional convenience of an emergency withdrawal option. If a customer needs access to their funds before the bond maturity date, they can do so subject to a 90-day interest penalty on the funds withdrawn. Bond holders therefore have the flexibility to react to any unforeseen changes in their circumstances during the fixed rate period.

Bradford & Bingley International is a leading offshore savings bank based on the AAA rated Isle of Man. It offers a wide range of tax efficient savings accounts for international and expatriate customers as well as Isle of Man and Channel Island residents.

Visit the Bradford & Bingley website for more information on the Fixed Rate Bond (Issue 38).

Alternatively contact Bradford & Bingley International direct on + 44 (0) 1624 695000.

Bradford & Bingley International
30 Ridgeway Street
Douglas, Isle of Man, IM1 1TA
+ 44 (0) 1624 695000

Note to editors

Interest rates are as follows:

On Maturity Monthly (Must be paid away)
£5,000 – £99,999 6.15% 6.00%
£100,000 and above 6.30% 6.15%

Information about Bradford & Bingley International can be found at the following web address –

Bradford & Bingley International Limited is licensed by the Isle of Man Financial Supervision Commission to conduct banking business and is a wholly owned subsidiary of Bradford & Bingley plc

Bradford & Bingley plc has given a legal undertaking agreeing to discharge the liabilities of Bradford & Bingley International Limited in so far as Bradford & Bingley International Limited is unable to discharge them out of its own assets and while Bradford & Bingley International Limited remains a subsidiary of Bradford & Bingley plc. Under Isle of Man legislation, deposits made with an Isle of Man office of Bradford & Bingley International Limited are covered by the Depositors Compensation Scheme contained in the Banking Business (Compensation of Depositors) Regulations 1991 (as amended).