Offshore savings bank issues high interest fixed rate bond
Following the success of their previous annual fixed rate bond, Bradford & Bingley International (BBI) have launched a new one year savings account with a higher rate of interest.
The Fixed Rate Bond Issue 32 is available for deposits of £10,000 or more and pays 6.6% gross interest per annum with funds maturing on 30th September 2008. The fixed rate savings bond is being offered as a limited-edition bond, which closes on 28th September 2007 or earlier if fully subscribed.
The account will particularly appeal to expatriates and members of the international community looking to invest in a high interest fixed rate savings product and who wish to maintain a tax efficient sterling account.
The Fixed Rate Bond Issue 32 also has an emergency withdrawal facility. Should customers need access to their funds before the maturity date, they can do so subject to an interest penalty of 90 days on the funds withdrawn. Not surprisingly BBI’s last fixed rate annual bond, Issue 30, sold out within weeks of launch and it is expected that this issue will be fully subscribed before September 28th.
Bradford and Bingley International have developed a range of specialised savings accounts which reflect the different lifestyles and requirements of expatriates living, working or retiring abroad. The bank is based on the AAA rated Isle of Man and is a wholly owned subsidiary of Bradford and Bingley plc. It has customers in over 125 countries, particularly Spain, France and Commonwealth countries, and holds offshore assets exceeding GBP 3 billion.
For further details on the Fixed Rate Bond Issue 32 visit the Bradford & Bingley International website at www.bbi.co.im or phone BBI directly on + 44 (0) 1624 695000.
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