SOURCE: Bradford and Bingley International

March 06, 2008 05:22 ET

One Year Fixed Rate Savings Bond Launched

Bradford & Bingley International (BBI) Has Released an Offshore Savings Bond Paying 6.30%

DOUGLAS, ISLE OF MAN--(Marketwire - March 6, 2008) - Savers looking to receive a fixed rate of interest can take advantage of offshore savings specialist, Bradford & Bingley International's latest 1 year fixed rate offering, Fixed Rate Bond (Issue 38).

The bond can be opened with a minimum balance of only £5,000 and is available with interest paid either on maturity or monthly. The bond pays up to 6.30% and matures on 31st March 2009.

BBI's fixed rate bond also offers an emergency withdrawal option. Should a bond holder require access to their funds before the bond maturity date, they can subject to a 90-day interest penalty on the amount withdrawn. Bond holders therefore have the flexibility to react to any unforeseen changes in their circumstances during the fixed rate period of the investment.

Fixed Rate Bond (Issue 38) is limited in availability and is allocated on a first come first serve basis. The final date for funds to be received into the bond is 31st March 2008 or sooner if 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.

More information on Fixed Rate Bond (Issue 38), including Terms and Conditions and an application pack, can be found on the Bradford & Bingley International website, www.bbi.co.im.

Note to editors

Interest rates are as follows:

                           On Maturity     Monthly (Must be paid away)
£5,000 - £99,999           6.15%           6.00%
£100,000 and above         6.30%           6.15%

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.

Contact Information

  • Contact:
    James Qualtrough
    Bradford & Bingley International
    30 Ridgeway Street
    Douglas, Isle of Man, IM1 1TA
    Email Contact
    + 44 (0) 1624 695000