The interest on BBI’s Tracker 120 account, a base rate tracker savings account, has been increased in direct response to the Bank of England’s decision to raise the UK base rate in July.
The new interest rates became effective as of 11th July and echoes BBI’s guarantee to adjust tracker account rates within 5 days of a change in the UK base rate. The base rate tracker account now offers 6% interest for balances of £100,000 and over, 5.9% balances between £25,000 and £99,999 and 5.75% for balances between £10,000 and £24,999.
“Tracker 120 customers have seen rates increase in May and now again in July to the account’s current top rate of 6%. The peace of mind provided by the account’s guarantee to track Bank of England Base rate at a predetermined level is an important feature for many of our international savers,” said BBI’s Acting Managing Director, Lynette Byrne.
Bradford & Bingley International is a leading offshore savings bank ( http://www.bbi.co.im ) based on the AAA rated Isle of Man. BBI provides a wide range of tax efficient savings accounts for international and expatriate customers in over 125 countries, in particular Spain, France and the Commonwealth countries.
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