BB) (PINKSHEETS: BDBYF) has increased the
interest rate on two of its offshore Internet savings accounts -- the
eSaver and eIncome.
eSaver is a no notice sterling savings account which is offering 6.40% and
includes a 0.50% premium if no more than 3 withdrawals are made between 1st
April and 31st March. eIncome is a monthly interest, no notice savings
account that pays up to 6.00% p.a. (AER 6.17%).
The increases in interest come despite a 0.25% reduction by the Bank of
England to the UK Base Rate on 7th February 2008.
BBI's Internet savings accounts are only available online and provide
predominantly British expatriates with competitive offshore interest rates
and the convenience of Internet banking.
Bradford & Bingley International's Acting Managing Director, Lynette Byrne,
added, "The rate increase is great news for existing eSaver and eIncome
customers. It is important to us that we continue to provide competitive
and convenient savings products."
"We are delighted to provide a solution to meet the varying needs of our
expatriate and international customer base and are sure that the increase
in interest rate on these accounts will be well received," she added.
Visit the BBI website for more information on its range of offshore
Internet savings accounts
(www.bbi.co.im/offshore-savings-accounts/offshore-internet-banking/).
Alternatively contact Bradford & Bingley International direct on + 44 (0)
1624 695000.
Note to editors
Information about Bradford & Bingley International can be found at the
following web address -- www.bbi.co.im.
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.