Savings specialist, Bradford & Bingley International (BBI) has launched two new fixed rate savings bonds on the back of increased customer demand.
For savers looking for longer term deposits, Fixed Rate Bond Issue 46 is a one year bond available for balances of £5,000 and above. Interest is payable either on maturity at 6.70% or monthly earning 6.50% (6.70% AER).
Fixed Rate Bond Issue 47 offers a short term alternative with an interest rate of 6.00% fixed for 3 months. The bond is available for balances over £5,000 with interest paid on maturity.
BBI’s Managing Director, John Pearson commented: “With the recent reduction in Bank of England Base Rate to 4.50% these bonds represent a great opportunity for savers in what are difficult times. The added security offered by Abbey’s take-over of BBI will give savers that all important peace of mind as to the safety of their deposit.”
BBI are now part of Abbey and the Santander Group. Customers can be confident in Santander’s AA/Stable rating from Standard & Poor’s and that deposits with Bradford & Bingley International carry the full and unconditional guarantee of Abbey.
More information on Fixed Rate Bond (Issue 46 & 47), including Terms and Conditions and an application pack, can be found on the Bradford & Bingley International website at www.bbi.co.im
Alternatively call+ 44 (0) 1624 695000 to receive an application pack by post.
Note to editors
Information about Bradford & Bingley International can be found at the following web address – www.bbi.co.im
EU Savings Directive rules apply to EU resident depositors.
AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid to the account once a year.
Under Isle of Man legislation, deposits made with an Isle of Man office of Bradford & Bingley International Limited are covered by the Isle of Man Depositors Compensation Scheme.
Bradford & Bingley International Limited is registered in the Isle of Man No. 052221C. Registered Office: 30 Ridgeway Street, Douglas, Isle of Man, IM11TA, British Isles. Licensed by the Isle of Man Financial Supervision Commission to take deposits.