Bradford & Bingley International Introduces a 5.8 Percent Internet Savings Bond with Emergency Access

Offshore savings bank Bradford & Bingley International has introduced a fixed-rate savings bond with the flexibility of an emergency access feature.

Bradford & Bingley International Introduces a 5.8 Percent Internet Savings Bond with Emergency Access
Douglas, Isle of Man, United Kingdom, March 07, 2007 --( Offshore Internet banking specialist Bradford & Bingley International has launched their latest in a series of one-year fixed rate savings bonds. Fixed Rate Bond Issue 27 pays up to 5.80% gross per annum and matures on the 31st of March, 2008.

Bradford & Bingley International have offshore accounts that are geared toward savings made simple. To follow up a successful 18-month fixed-rate Internet savings offering, Bradford & Bingley have launched a new one-year offshore savings bond. The savings account is a limited-edition bond, which will close on the 31st of March, 2007, or earlier if fully subscribed. 

Fixed Rate Bond Issue 27 also offers an emergency withdrawal provision. Internet savings customers who need access to their savings before the maturity date can do so with a minor 90-day interest penalty on the amount withdrawn. Traditionally funds committed to fixed-rate bonds are cemented until maturity. This added feature will give online savers the flexibility to react to any changes in either their circumstances or the market, and makes the account ideal for expatriate banking.

John Sheath, Managing Director of Bradford & Bingley International added, “The guarantee of a fixed rate is important to many savers. The additional flexibility and security offered by the emergency withdrawal feature will only make this an even more attractive savings option. Our last savings bond sold extremely well and I would expect this one to be fully subscribed before the closing date of 31st March, 2007.”

For more details about Fixed Rate Bond Issue 27, including the Terms and Conditions of the account and an application pack, visit Bradford & Bingley International’s website.

Bradford & Bingley International
Nick Pledger
+44 (0) 1624 695031
30 Ridgeway Street
Douglas, Isle of Man, IM1 1TA