International savers benefit from base rate tracker account interest rate increase
Following the Bank of England’s decision to raise UK interest rates in July, BBI has increased the amount of interest paid on its base rate tracker savings account.
The change is effective from 11 July 2007 and is in direct response to the Bank of England announcement on 5th July 2007. BBI customers have again benefited from the bank’s guarantee to amend tracker account rates within 5 working days of an announcement by the Bank of England.
The Tracker 120 savings account has tiered rates and offers a top interest rate of 6.00% for balances of £100,000 and above. The interest rate for balances between £25,000 and £99,999 has been increased to 5.90% and to 5.75% for balances between £10,000 and £24,999.
BBI’s Acting Managing Director, Lynette Byrne commented, “Tracker 120 customers have seen rates increase in May and now again in July to the account’s current top rate of 6.00%. 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. Customers are also delighted by the value added through the account’s guarantee to move within 5 working days.”
Further information on Bradford & Bingley International and their Base Rate Tracking savings account, Tracker 120 is available on their website www.bbi.co.im.
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