Bradford & Bingley International launches 7.00% fixed rate bond

BBI - offshore savings bankOffshore savings bank Bradford & Bingley International has just released its latest fixed rate sterling savings bond which is offering an interest rate of up to 7.00% gross per annum.

The bond is fixed for 1 year and even gives savers the flexibility of emergency withdrawals if required in lieu of 90 days loss of interest on the amount withdrawn.

The bond can be opened with a minimum balance of £10,000 and interest is paid at maturity on the 30 June 2009.

Fixed Rate Bond (Issue 42) is limited in availability and is allocated on a first come first served basis and it may be closed sooner if it becomes 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 42) can be found on the Bradford & Bingley International website,

Note to editors

Interest rates are as follows.

On Maturity
£10,000 – £99,999: 6.80%
£100,000 and above: 7.00%

Information about Bradford & Bingley International can be found at the following web address –

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).