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Bradford & Bingley International increases interest on base rate tracker account
Offshore savings bank Bradford & Bingley International (BBI) has raised interest rates on its Tracker 120 savings account after a change in the UK base rate.
By: Bradford and Bingley International
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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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.