ISLE OF MAN, British Isles, 2nd April 2009 – Savings specialist, Bradford & Bingley International (BBI) have continued their fixed rate bond programme with two new savings bonds.
Fixed Rate Bond (Issue 57) is a 1-year Fixed Rate Bond offering annual and monthly interest options paying 3.00% AER. Savers can deposit from £10,000 into the bond which matures on 30 April 2010.
Fixed Rate Bond (Issue 58) 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. Deposits start from £10,000 and the Bond matures on 29 April 2011.
Both have very limited availability and will close on 30 April 2009 or before if fully subscribed. The previous one-year and two-year bonds offered by BBI proved extremely popular and savers wishing to benefit from these new opportunities are encouraged to book their place early to avoid disappointment.
BBI’s Managing Director, John Pearson commented “Both of these bonds provide great interest rates for savers. The accounts will appeal strongly to customers reliant on earning an income from their savings. This has been a difficult time with falling Bank of England Base Rates and we are pleased to be able to offer rates at up to 3.50% above current Base Rate.”
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 a full and unconditional guarantee from Abbey.
More information on Fixed Rate Bond (Issue 57 & 58), 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 contact:
James Qualtrough, Assistant Marketing Manager, Bradford & Bingley International, on +44 (0)1624 695000 or visit www.bbi.co.im.
EU Savings Tax 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.
About Bradford & Bingley International:
Bradford & Bingley International (BBI) is an international savings bank established and located on the AAA rated Isle of Man since 1989. BBI now serves thousands of customers, predominantly British expatriates, in more than 125 countries around the world.
BBI offer a comprehensive range of savings accounts including immediate access accounts, short term savings accounts and long-term savings accounts such as fixed term bonds and money market deposits. In addition to the full range of Sterling deposit accounts, currency savings are also available in US Dollar and Euros.
Bradford & Bingley International Limited is a wholly owned subsidiary of Abbey, who are an AA* rated bank with assets in excess of £190 billion. Abbey are owned by Banco Santander, one of the top ten banks in the world.
(* Standard & Poor’s, as at 18th December 2008)
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