BBI: Isle of Man savings bank release one year fixed rate bond

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.

“As this is a limited edition fixed rate savings bond we would advise customers to book their place in the bond as early as possible” commented Lynette Byrne, Acting Managing Director for BBI. “The rate of 6.65% is an extremely attractive rate and all interest is earned as soon as funds have cleared.”

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.

Visit the Bradford & Bingley International website for further details on the Fixed Rate Bond (Issue 35) including full terms and conditions and an application pack.