Offshore Savings Account proves popular amongst Expatriates

PRLog (Press Release) - May 09, 2007 -
BBI’s eAccess savings account ( http://www.bbi.co.im/offshore-savings-accounts/offshore-internet-banking/e-access-account.aspx )was launched in April 2006 and one year on, total balances run well into nine figures. Its huge success can be attributed to the convenience of online banking, a necessity for international customers, and its high interest rate – up to 5.85% gross pa.
The internet account has also been awarded with the accolade ‘Best New Banking Product’ by Portfolio International. The account boasts a number of features such as being able to make international transactions, view pending and past transactions, make any alterations and export data to finance packages. Funds can be withdrawn from the eAccess account at any time without penalty.

Interest on the account is paid annually, monthly or at closure (which offers tax planning advantages) depending on the customer’s preference. The current annual interest rate is 5.85%, with the monthly interest rate at 5.55% (AER 5.69%). The account is particularly suited to expatriates who require access to a sterling offshore savings account 24 hours a day, 7 days a week, from any location.

Bradford and Bingley International ( http://www.bbi.co.im )is an offshore savings bank that has developed a range of specialised savings accounts, which reflect the different lifestyles, and requirements of expatriates living, working or retiring abroad. BBI is based on the AAA rated Isle of Man and is a wholly owned subsidiary of the well-known UK bank, Bradford and Bingley plc. It has customers in over 125 countries, especially in Spain, France and Commonwealth countries, and holds offshore assets exceeding GBP 3 billion.

Visit Bradford & Bingley International’s website for more information on the eAccess savings account

Contact:

Bradford & Bingley International
30 Ridgeway Street
Douglas, Isle of Man, IM1 1TA
+ 44 (0) 1624 695000
enquiries@bbi.co.im
www.bbi.co.im


Note to editors:
Information about Bradford & Bingley International can be found at the following web address - http://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).