Guaranteed link to base rate on new Future Planning Tracker savings account

BBI’s new tracker account, the Future Planning Tracker, has a top interest rate of 6.40% for balances of £25,000 and above. The account is expected to appeal to people looking to maximise the return on longer-term savings.

From a minimum balance of just five thousand pounds (GBP) savers can open a Future Planning Tracker and take advantage of the competitive interest rate. The account’s guarantee ensures that interest rates will not go below Bank of England Base Rate in the first two years providing the account is maintained above the minimum balance. Savers with over £25,000 to deposit are guaranteed a massive Base Rate +0.65% in the first year, that’s 6.40% at current Base Rate levels.

The Tracker account is a no notice savings account with four penalty free withdrawals allowed in each anniversary year. Withdrawals over this number are subject to a penalty equivalent to 30 days loss of interest on the amount withdrawn.

Acting Managing Director of BBI, Lynette Byrne commented, “As a longer term savings account, customers would ideally have an access account as well, removing the need for frequent withdrawals from their Tracker account and ensuring that they get the most from their savings. The guarantees provide peace of mind and make this account extremely attractive to customers saving for their futures, perhaps for their pensions or a large purchase.”

Full details of the Future Planning Tracker can be found on the Bradford & Bingley International website, www.bbi.co.im.


About BBI

Bradford & Bingley International, based on the AAA rated Isle of Man, is a wholly owned subsidiary of Bradford & Bingley PLC. They offer a range of offshore savings accounts primarily to British expatriates, Isle of Man and Channel Island residents. BBI have developed a range of savings accounts from their knowledge of international savings requirements, based on over 17 years experience in the market.

Note to editors

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

Bradford & Bingley plc has given a legal undertaking agreeing to discharge the liabilities of Bradford & Bingley International Limited in so far as Bradford & Bingley International Limited is unable to discharge them out of its own assets and while Bradford & Bingley International Limited remains a subsidiary of Bradford & Bingley plc. Under Isle of Man legislation, deposits made with an Isle of Man office of Bradford & Bingley International Limited are covered by the Depositors Compensation Scheme contained in the Banking Business (Compensation of Depositors) Regulations 1991 (as amended).

Contact Information

James Qualtrough

Marketing Executive

Bradford & Bingley International

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