Fixed rate Internet bond launched for expatriates
Offshore bank Bradford & Bingley International have launched their latest Internet savings bond offering a fixed rate of 6.40% interest over 12 months.
Following the huge success of their first Internet savings bond, Isle of Man based savings bank Bradford & Bingley International have released a second high-interest online sterling bond.
The eBond Issue 2 offers a competitive 6.40% rate of interest, paid on maturity on January 30th 2009. The fixed rate Internet savings account will keep the same rate of interest for a calendar year despite any fluctuation in the UK base rate.
Fixed rate bonds have seen a surge in popularity following the recent drop in the Bank of England’s base rate to 5.50% and expectations that a further two cuts are likely in 2008.
The second edition of the sterling bond follows the bank’s oversubscribed eBond Issue 1 which attracted more than 5 times the amount of deposits than was anticipated.
“eBond Issue 1 far exceeded our expectations and showed us that there was a clear customer need for a fixed rate account with Internet availability,” said Acting Managing Director Lynette Byrne.
“eBond Issue 2 has been launched straight off the back of our first account to ensure we continue to meet this need and to offer customers that may have missed out on the first bond an opportunity to take advantage of the great rates currently on offer,” she added.
Savings specialists Bradford & Bingley International offer a range of Internet sterling savings accounts to international and expatriate customers in over 125 countries around the world.
Visit the Bradford & Bingley International website at www.bbi.co.im to find out more about the eBond Issue 2 fixed rate Internet savings bond and to sign up online.
Alternatively contact Bradford & Bingley International directly on + 44 (0) 1624 695000.
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