Offshore savings bank launches 7.00% fixed rate bond

BBI - offshore savings bankSavings specialists Bradford & Bingley International have launched a fixed rate offshore bond paying a highly competitive 7.00% interest.

Bradford & Bingley International have just launched their latest fixed rate offshore savings bond which offers an interest rate of up to 7.00% and gives savers the flexibility of emergency withdrawals if required in lieu of 90 days loss of interest on the amount withdrawn.

The bond can be opened with a minimum balance of £10,000 and is available with interest paid on maturity.

Fixed Rate Bond (Issue 42) is limited in availability and is allocated on a first come first serve basis with all funds to be received into the bond before 23rd June 2008. As the fixed rate bond is limited in availability it may be closed sooner if it becomes fully subscribed.

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 International website for more information on Fixed Rate Bond (Issue 42), including terms and conditions and an application pack.

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
£10,000 – £99,999 6.80%
£100,000 and above 7.00%

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).