Savings bank announced change in currency account interest rate
Offshore savings bank announces changes to US Dollar and Euro savings account interest rates.
ISLE OF MAN, British Isles, 19 January 2009 – Offshore savings specialist Bradford & Bingley International (BBI) has announced new interest rates on their Euro and US Dollar savings accounts following recent reductions in rates by both the European Central Bank and US Federal Reserve.
BBI provide a range of savings accounts, including US Dollar and Euro currency accounts, to British Expats along with Isle of Man and Channel Island residents.
“Currency savings accounts are an important part of many an expatriate’s savings portfolio and we are pleased to continue to offer competitive US Dollar and Euro accounts as part of our savings range,” commented BBI’s Managing Director John Pearson.
Now BBI is part of Abbey and the Santander Group. Savers can be confident in Santander’s AA rating from Standard & Poor’s and that deposits with BBI are covered by the full guarantee of Abbey.
More information on US Dollar and Euro savings accounts along with the latest currency interest rates available can be found on BBI’s website, www.bbi.co.im or alternatively call +44 (0)1624 695000.
Note to editors: For further information, please contact BBI on +44 (0)1624 695000 or visit www.bbi.co.im
EU Savings Directive rules apply to EU resident depositors.
AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if the interest was paid to the account once a year.
Under Isle of Man legislation, deposits made with an Isle of Man office of Bradford & Bingley International Limited are covered by the Isle of Man Depositors Compensation Scheme.
Bradford & Bingley International Limited is registered in the Isle of Man No. 052221C. Registered Office: 30 Ridgeway Street, Douglas, Isle of Man, IM1 1TA, British Isles. Licensed by the Isle of Man Financial Supervision Commission to take deposits.
SOURCE: Bradford & Bingley International
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