Savings specialist, Bradford & Bingley International (BBI) has launched new 1-year and 2-year fixed rate savings bonds to compliment the Tracker Bonds already available to savers.
Fixed Rate Bond (Issue 54) is a 1-year Fixed Rate Bond offering annual and monthly interest options paying 3.25% AER.
Fixed rate Bond (Issue 55) is a 2-year Fixed Rate Bond offering annual and monthly interest options paying 3.50% AER in the first year and 4.00% AER in the second year.
Both have limited availability and will close on 31 March 2009 or before if fully subscribed. Demand is expected to be high for these fixed rate so interested savers should act quickly to avoid disappointment.
BBI’s Managing Director, John Pearson commented “Despite reducing base rate we have been able to secure savers two great interest rates for longer term savings. I’m sure that these fixed rate accounts will be well received by savers, particularly those relying upon earning an income from their savings.”
BBI are now part of Abbey and the Santander Group. Customers can be confident in Santander’s AA rating from Standard & Poor’s and that deposits with Bradford & Bingley International are covered by the full and unconditional guarantee of Abbey.
More information on Fixed Rate Bond (Issue 54 & 55), including Terms and Conditions and an application pack, can be found on the Bradford & Bingley International website, www.bbi.co.im or alternatively call + 44 (0) 1624 695000 to receive an application pack by post.
Note to editors: For further information, please contact BBI on +44 (0)1624 695000 or visit 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, IM1 1TA, British Isles. Licensed by the Isle of Man Financial Supervision Commission to take deposits.
SOURCE: Bradford & Bingley International