The account is only available online and is primarily aimed at British expats and members of the international community.
The online savings bond, eBond Issue 3, is the latest account to be added to BBI’s range of internet savings accounts. It offers a fixed rate over 12 months together with the convenience of online banking. Interest is paid when the bond matures on 14th July 2009.
Marketing Manager Lynette Byrne said, “Our previous two eBonds have gone down extremely well with our international customers. We have been able to secure a highly competitive interest rate of up to 7.00% for eBond Issue 3 and I am sure this bond will prove to be popular with existing and new customers alike.”
More information about the fixed rate savings bond is available on the Bradford & Bingley International website under 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).