Fixed Rate Bond (Issue 30) can be opened with deposits of £10,000 or more with savers enjoying the interest rate from the moment their funds are received. The closing date for applications is 15 August 2007 or before if fully subscribed.
Lynette Byrne, Acting Managing Director for BBI commented, “As this is a limited edition fixed rate savings bond we would advise customers to book their place in the bond as early as possible. The rate of 6.30% is earned on funds as soon as they are cleared in the account and so it really is worthwhile booking in early to avoid disappointment.”
Despite being a fixed account, bond holders with Bradford & Bingley International have the additional convenience of an emergency withdrawal option. If a customer needs access to their funds before the bond maturity date, they can do so subject to a 90-day interest penalty on the funds withdrawn. Bond holders therefore have the flexibility to react to any unforeseen changes in their circumstances during the fixed rate period of the investment.
More information on Fixed Rate Bond (Issue 30), including Terms and Conditions and an application pack, can be found on the Bradford & Bingley International website, http://www.bbi.co.im.
