Douglas, Isle of Man, United Kingdom, April 14, 2007 --(PR.com
)-- Offshore savings bank BBI
has been awarded with the accolades ‘Best New Banking Product’ for its eAccess online savings account by Portfolio International and ‘Best Monthly Interest Account Provider’ for its high interest Income 180 Account by Investment International. The two awards are a further boost to Bradford and Bingley International’s already strong reputation as a leading offshore savings bank in a highly competitive market.
BBI‘s eAccess online savings account
boasts a number of advanced features wherby customers can carry out transactions, view pending and past transactions, make alterations, export data to finance packages and set up regular savings. Funds can be withdrawn at any time without penalty and interest can be paid annually, monthly or at account closure (offering tax planning opportunities) depending on the customers preferences. The current annual interest rate is 5.85% with the monthly interest rate at 5.55% (AER 5.69%).
The account is particularly suited to expatriates who require access to a sterling offshore savings account 24 hours a day, 7 days a week, from any location.
Bradford and Bingley International’s Income 180 Account is a monthly income savings account which has proved hugely popular among retired expatriates who use the interest generated to top up their pension. In February the account was made even more appealing by lowering the minimum balance to GBP 10,000 and offering one single high interest rate of 5.40%.
BBI Managing Director John Sheath commented, “It is always pleasing to receive an award that is voted for by the readers of a publication, particularly when it comes from such a respected media source as Investment International.”
Bradford and Bingley International has developed a range of specialised savings accounts
which reflect the different lifestyles and requirements of expatriates living, working or retiring abroad.
The bank is based on the AAA rated Isle of Man and is a wholly owned subsidiary of the well-known UK bank, Bradford and Bingley plc. It has customers in over 125 countries, especially in Spain, France and Commonwealth countries, and holds offshore assets exceeding GBP 3 billion.
More information on the eAccess and Income 180 accounts, including application forms, can be found at the Bradford & Bingley International website.
Bradford & Bingley International
30 Ridgeway Street
Douglas, Isle of Man, IM1 1TA
+ 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).