NEW SAVINGS BONDS FROM BRADFORD & BINGLEY INTERNATIONAL

john-pearson-littleISLE OF MAN, British Isles, 13th May 2009 – Savings specialist, Bradford & Bingley International (BBI) has launched a new 1-year fixed rate savings bond along with a new variable rate Tracker Bond, which tracks at up to 3.00% above the Bank of England Base.

Fixed Rate Bond (Issue 59) offers savers annual or monthly interest at a rate of 3.00% p.a. AER. The fixed rate bond matures on 28th May 2010.

Tracker Bond (Issue 3) is also a 1-year Bond offering a variable interest rate with tiered tracking levels of up to 3.00% above Bank of England Base Rate, again with annual and monthly interest options.

Both have limited availability and will close on 29 May 2009 or before if fully subscribed.

BBI’s Managing Director, John Pearson commented “Bonds are proving to be extremely popular with savers in the current low interest rate environment. I am pleased that we have been able to offer a choice between a 3% fixed rate or a tracker bond which will pay at least 3% for the next year for those who qualify for that tracking level.”

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 59) and Tracker Bond (Issue 3), 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. Continue reading

New offshore savings account range for Isle of Man based savings bank

BBI - offshore savings bankIsle of Man based offshore savings specialists, Bradford & Bingley International (BBI), have recently undertaken a comprehensive review of both their savings account range and their branding.

BBI’s new range of offshore savings accounts has been designed to offer the ideal solution for customer’s individual savings requirements and has been developed following conversations with customers, surveys and research.

With immediate access, short term, longer term, fixed term and currency accounts in the range, customers can choose the account, or accounts, that best suit their requirements. The accounts also carry varying interest options including annual, monthly and deferred for tax planning.

Anyday Saver is BBI’s easy access savings account for every day and spontaneous access requirements. Many customers hold some funds in this type of account purely for the convenience of unrestricted access should they need it. The remainder of their savings they may place into a short or longer term savings account.

Future Planning Tracker is BBI’s short term savings account and is an ideal account for growing savings, whilst still allowing access to deposits without notice should it be needed. The account helps customers save by offering a 0.50% premium where no more than 4 withdrawals are made in an anniversary year and pays up to 6.25% p.a.

For longer term savings, BBI’s Reward Saver offers a higher rate of interest of up to 6.40% in return for 90 days notice on withdrawals. Should customers need to withdraw funds and cannot wait 90 days, they can do so in lieu of 90 days interest on the amount withdrawn.

The range also includes currency savings accounts in US Dollars and Euros, available with annual and deferred interest.

BBI’s International eSavings internet saving accounts remain unchanged, providing the convenience of 24 hour account management. eSaver is currently offering up to 6.40% on balances of £1,000 or more making the account extremely accessible and convenient, particularly for British expats who may have difficulty operating traditional accounts across time zones.

Visit www.bbi.co.im for more information on Bradford & Bingley International’s offshore savings accounts.

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