Isle of Man based savings bank, Bradford & Bingley International (http://www.bbi.co.im.)
The six month savings bond can be opened with deposits of £10,000 or more with savers receiving a fixed interest rate of 6.20% as soon as funds have cleared. Fixed Rate Bond (Issue 31) will particularly appeal to expatriates wanting to invest in a fixed rate savings product whilst maintaining an offshore sterling savings account. The closing date for applications is 28th September 2007 or before if fully subscribed.
Lynette Byrne, Acting Managing Director for BBI commented, “We would expect the new bond to be fully subscribed before the closing date of 28th September 2007. Unlike many savings bonds available in the offshore savings market, Fixed Rate Bond (Issue 31) only requires a commitment of 6 months in return for a guaranteed rate of interest. We would recommend booking a place in this bond as early as possible to avoid disappointment.”
More information on Fixed Rate Bond (Issue 31), including Terms and Conditions and an application pack, can be found on the Bradford & Bingley International website, http://www.bbi.co.im.
ENDS
For further information, please contact Bradford & Bingley International on + 44 (0) 1624 695000.
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).
