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New sterling offshore savings account pays 6.50%


Offshore savers can open a new online savings account paying a market-leading high interest rate of 6.50% from just GBP 1.

Offshore savings bank Bradford & Bingley International have launched a new instant access online savings account that can be opened with just a GBP 1 deposit.

The eSaver offshore savings account pays 6.50% interest annually and the rate is guaranteed to remain above the UK base rate until 31st December 2008. The new savings account can be opened easily online and can be accessed and managed 24 hours a day from anywhere in the world.

The eSaver sterling savings account requires no notice for withdrawals and the 6.50% interest rate includes a premium of 0.50% which is paid on the average balance when no more than 3 withdrawals have been made over the financial year.

Lynette Byrne, Acting Managing Director of BBI, commented, “When you compare the eSaver account to other accounts in the offshore no notice category, the combination of the attractive interest rate and low opening balance makes it a market leader”.

Moneyfacts show BBI’s eSaver account to be the current market leader when compared to similar products offered by offshore savings banks Nationwide International, Alliance & Leicester International and Derbyshire Offshore.

Bradford & Bingley International, which is based on the AAA rated Isle of Man, offers a wide range of tax efficient offshore savings accounts for international and expatriate customers as well as Isle of Man and Channel Island residents.

Full details on the eSaver offshore savings account, including Terms and Conditions, can be found at the Bradford & Bingley International website:


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