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Offshore savings bank launches 6 month fixed rate bond


A 6 month fixed rate savings bond paying 6.40% has been released by Isle of Man based Bradford & Bingley International.

Fixed Rate Bond Issue 33 is a limited edition 6 month bond which is now available for a short period only. Bonds can be opened with deposits of GBP 10,000 and above and will earn 6.40% with interest payable on maturity (30 April 2008).

Despite being a fixed rate bond, customers have an additional feature of an emergency withdrawal option. Customers needing access to their funds before the maturity date can do so subject to a 90-day interest penalty on the funds withdrawn. Traditionally funds committed to fixed rate bonds have been locked in until maturity. This feature will give customers the flexibility to react to any unforeseen changes in their circumstances during the period of the investment.

This fixed rate bond also offers the comfort for all bond customers that the rate offered is guaranteed throughout the life of the bond regardless of fluctuations in the Bank of England Base Rate.

More information on Fixed Rate Bond (Issue 33), including Terms and Conditions and an application pack, can be found on the Bradford & Bingley International website,

Alternatively contact Bradford & Bingley International direct on + 44 (0) 1624 695000.


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