Offshore savings specialist launches fixed rate bond paying 6.65%
Bradford & Bingley International has announced its latest one year fixed rate savings bond with emergency access.
Isle of Man based savings bank, Bradford & Bingley International have launched their latest one year fixed rate savings bond. Fixed Rate Bond (Issue 35) is paying 6.65% with interest being paid at maturity on 30 January 2009.
The fixed rate savings bond can be opened with deposits of £10,000 or more with savers enjoying the interest rate of 6.65% from the moment their funds are received. The closing date for applications is 11 January 2008 or before if fully subscribed.
Lynette Byrne, Acting Managing Director for BBI commented, “As this is a limited edition fixed rate savings bond we would advise customers to book their place in the bond as early as possible. The rate of 6.65% is an extremely attractive rate and all interest is earned as soon as funds have cleared so it really is worthwhile booking a place early to avoid disappointment.”
Despite being a fixed account, BBI bond holders have the additional convenience of an emergency withdrawal option. If a customer needs access to their funds before the bond maturity date, they can do so subject to a 90-day interest penalty on the funds withdrawn. Bond holders therefore have the flexibility to react to any unforeseen changes in their circumstances during the fixed rate period of the investment.
More information on Fixed Rate Bond (Issue 35), including Terms and Conditions and an application pack, can be found on the Bradford & Bingley International website, www.bbi.co.im.
For further information, please contact Bradford & Bingley International on + 44 (0) 1624 695000.
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