Isle of Man based Bradford & Bingley International (BBI) has this week launched an online savings account that pays up to 6.50% p.a.
The eAccess2 account, which replaces an existing range of online savings accounts, is available with a choice of annual, monthly or deferred interest options and offers an unlimited number of penalty free withdrawals.
BBI is an offshore savings bank which specialises in providing a range of savings accounts to the international and expatriate communities, as well as residents of the Isle of Man and the Channel Islands.
The account is expected to appeal to British expatriates working abroad and to retired expatriates looking to receive a regular income from their savings. The account boasts a competitive annual or deferred interest rate of 6.50% and monthly interest rate of 6.30% (6.49% AER).
BBI offers a range of online savings account that allow customers to manage their savings 24 hours a day, 7 days a week from anywhere in the world. Customers are able to make transactions to and from their savings accounts, view statements and amend account details at any time of day.
The eAccess2 savings account can be opened with deposits of £1,000 or more and is only available by application online.
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).