BBI: Interest rates increased on Internet savings accounts

Expatriate savers will be amongst those to benefit from Bradford & Bingley International’s (BBI’s) latest interest rate increase on their eSaver and eIncome internet savings accounts.

These increases come despite a 0.25% decrease by the Bank of England to UK Base Rate on 7th February 2008.

BBI’s eSavings range is available exclusively online and provides British expatriates with competitive offshore interest rates and the convenience of managing their savings from the comfort of their home.

eSaver is a no notice savings account now paying 6.40% which includes a 0.50% premium where no more than 3 withdrawals are made between 1st April and 31st March. eIncome is a monthly interest, no notice savings account that now pays up to 6.00% p.a. (AER 6.17%).

Bradford & Bingley International’s Acting Managing Director, Lynette Byrne added “The rate increase is great news for existing eSaver and eIncome customers. It is important to us that we continue to provide competitive and convenient savings products. We are delighted to provide a solution to meet the varying needs of our expatriate and international customer base and are sure that the increase in interest rate on these accounts will be well received.”

Visit the BBI website for more information on its range of Internet savings accounts.

Or alternatively please contact Bradford & Bingley International 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).