Following extensive consumer research, a new range of offshore savings accounts has been developed that offers customers a variety of short, long or fixed term savings accounts with different options for receiving interest.
The new savings range also includes currency savings accounts in US Dollars and Euros, available with annual and deferred interest.
New savings accounts include:
Anyday Saver – a no notice savings account which offers unrestrictive access for every day use.
Future Planning Tracker – a short term savings account that pays up to 6.25% pa and allows no-notice access to deposits. A 0.50% premium is paid when no more than four withdrawals are made during the year.
Reward Saver – a long term savings account offering a high rate of interest of up to 6.40% in return for 90 days notice on withdrawals. The emergency access facility allows withdrawals subject to a loss of 90 days interest.
Interest on the above accounts can be received annually, monthly or even deferred for tax planning purposes.
The popular eSavings internet savings accounts remain unchanged, providing the convenience of 24 hour online account management from anywhere in the world. The eSaver account is currently offering up to 6.40% on balances of £1,000 or more, the top rate of interest being paid when no more than three withdrawals are made per year.
The Isle of Man based bank specialises in offering tax efficient offshore savings accounts for international and expatriate customers. It has customers in over 125 countries, particularly Spain, France and Commonwealth countries.
Visit Bradford & Bingley International’s website for more information on its offshore savings accounts.
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
Bradford & Bingley plc has given a legal undertaking agreeing to discharge the liabilities of Bradford & Bingley International Limited in so far as Bradford & Bingley International Limited is unable to discharge them out of its own assets and while Bradford & Bingley International Limited remains a subsidiary of Bradford & Bingley plc. Under Isle of Man legislation, deposits made with an Isle of Man office of Bradford & Bingley International Limited are covered by the Depositors Compensation Scheme contained in the Banking Business (Compensation of Depositors) Regulations 1991 (as amended).