Offshore savings bank launches new fixed rate monthly income bond

Bradford & Bingley International has announced the second issue of a monthly income savings bond directed at international and expatriate savers.

[ClickPress, Wed Aug 01 2007] Offshore savings specialists Bradford & Bingley International (BBI) have released a new monthly income savings bond following the huge success of its first Fixed Rate Bond (Issue 1).

BBI’s new Fixed Rate Income Bond (Issue 2) pays 6.15% gross interest per year with funds maturing on 15th August 2008. The account will particularly appeal to expatriates looking to supplement their monthly income through high interest fixed rate savings and who wish to maintain a tax efficient offshore savings account.

BBI bond holders also have the additional convenience of an emergency withdrawal facility. Should customers need access to their funds before the maturity date, they can do so subject to an interest penalty of 90 days on the funds withdrawn. The closing date for applications is 15 August 2007 or before if fully subscribed.

Bradford and Bingley International has built up a range of offshore savings accounts which suit the lifestyles and requirements of expatriates who live, work or retire abroad. The bank is based on the AAA rated Isle of Man and is a fully-owned subsidiary of Bradford and Bingley plc. It has customers in over 125 countries, in particular Spain, France and the Commonwealth countries, and holds offshore assets of over GBP 3 billion.

Further details on the Fixed Rate Income Bond (Issue 2), including an application pack, can be found on the Bradford & Bingley International website at: www.bbi.co.im.

Alternatively phone Bradford & Bingley International directly on + 44 (0) 1624 695000.

Contact:
Bradford & Bingley International
30 Ridgeway Street
Douglas, Isle of Man, IM1 1TA
enquiries@bbi.co.im
+ 44 (0) 1624 695000


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).

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