Bradford and Bingley International, an offshore savings bank, have announced the launch of a new one year fixed rate savings bond.

The Fixed Rate Bond (Issue 38) comes with a competitive interest rate of up to 6.30% and matures on 31st March 2009. The online savings bond offers a fixed rate of interest regardless of any reduction in the UK base rate, with the option of having interest paid monthly or on maturity.

Fixed rate bonds have seen a surge in popularity following the recent reduction in the Bank of England’s base rate to 5.25% and speculation that further cuts are expected in 2008.

The offshore bond also offers an emergency access facility, allowing customers to access their funds at any time, subject to a 90-day interest penalty on the amount withdrawn.

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 an offshore savings bank based on the AAA rated Isle of Man. It offers a range of savings accounts for international and expatriate customers as well as Isle of Man and Channel Island residents.

See the Bradford & Bingley International website for more information on the Fixed Rate Bond (Issue 38).

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Offshore bank Bradford & Bingley International has launched a new sterling savings bond designed to appeal to expatriates and members of the international community.

The eBond Issue 2 account comes with a competitive interest rate of 6.40% which is paid when the bond matures on 30 January 2009. The online savings bond offers a fixed rate of interest despite any reduction in the UK base rate as well as the convenience of online access.

Fixed rate bonds have seen a surge in popularity following the recent drop in the Bank of England’s base rate to 5.50% and news that a further two cuts are expected in 2008.

Bradford & Bingley International’s first Internet bond, the eBond Issue 1, proved so popular it had 5 times as many subscribers than the bank expected. Acting Managing Director Lynette Byrne said “eBond Issue 1 far exceeded our expectations and showed us that there was a clear customer need for a fixed rate account with internet availability.”

Isle of Man savings bank Bradford & Bingley International offers a range of internet savings accounts to predominantly British expatriate customers in Europe and over 125 countries around the world.

More information on eBond Issue 2 including the terms and conditions is available on the Bradford & Bingley International website under offshore savings accounts.

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Bradford & Bingley International have launched a limited edition one year savings bond paying a fixed interest rate of 6.65%

Offshore savings specialists Bradford & Bingley International have announced a new one year savings account – the Fixed Rate Bond (Issue 35).

The one year fixed rate bond pays 6.65% on balances over £10,000 with interest payable when the account matures on 30th January 2009. The closing date for applications is 11th January 2008 or earlier if fully subscribed.

Fixed Rate Bond (Issue 35) will particularly appeal to expatriates and members of the international community looking to invest in a high interest fixed rate savings product and who want a tax efficient offshore sterling account. The account also has an emergency withdrawal option which allows bond holders to withdraw funds subject to a 90 day interest penalty.

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