Douglas, United Kingdom, October 27, 2007 --(PR.com
)-- Offshore savings specialists Bradford & Bingley International have launched a new tracker savings account - the Future Planning Tracker.
The new savings account offers an attractive interest rate of 6.40% for balances of GBP 25,000 and above and will primarily appeal to savers worried about possible reductions in the UK base rate but who are still looking for a high interest long term savings product.
The base rate tracker account can be opened with a minimum balance of GBP 5,000, but savers with over GBP 25,000 are guaranteed a rate of 0.65% over the base rate in the first year, which works out to 6.40% at current the level. The account also guarantees that interest rates will not go below the UK base rate in the first 2 years, as long as the minimum balance remains in the account.
The Future Planning Tracker account is a no notice savings account with four penalty free withdrawals allowed in each financial year. Withdrawals over this number are subject to a 30-day interest penalty on the funds withdrawn.
Bradford & Bingley International is a leading offshore savings bank based on the AAA rated Isle of Man. It offers a wide range of tax efficient savings accounts for international and expatriate customers as well as Isle of Man and Channel Island residents.
For more information on the new base rate tracker savings account visit the Bradford & Bingley International website at www.bbi.co.im.