Offshore savings bank launches new fixed rate monthly income bond

    /24-7PressRelease/ - DOUGLAS, ISLE OF MAN, August 02, 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access to their funds before the maturity date, they can do so subject to an interest penalty of 90 days on the funds withdrawn.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.

Source: http://www.icenews.net
ID: BBI0003o

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

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