Offshore savings bond launched with 7.00% interest

Isle of Man based savings bank, Bradford & Bingley International (BBI), has released an offshore fixed rate bond which can only be applied for online.

Offshore savings specialist Bradford & Bingley International has launched a limited issue fixed rate savings bond, eBond Issue 3, paying an interest rate of up to 7.00%.

The account is available exclusively online, primarily aimed at British expats and is also available to residents in the Isle of Man and Channel Islands.

eBond Issue 3 Interest Rates

Tier Interest Rate
£1,000 – £99,999 6.80%
£100,000 and above 7.00%

eBond Issue 3 is the latest account to be launched in BBI’s range of internet savings accounts. This online fixed rate savings bond provides the bank’s predominantly British Expatriate customer base, with the opportunity to benefit from the peace of mind of a fixed rate over 12 months together with the convenience offered by banking online.

Marketing Manager Lynette Byrne added; “Our previous two eBonds have gone down extremely well with our international customers. We have been able to secure a highly competitive interest rate (see table above) of up to 7.00% for eBond Issue 3 and I am sure this bond will prove to be popular with existing and new customers alike. However, the bond is limited in availability so I would suggest customers open a bond as soon as possible to avoid disappointment.”

More information on eBond Issue 3, including terms and conditions, is available on the Bradford & Bingley International website under offshore savings accounts.

All applications must be made online.

For further information, please contact Bradford & Bingley International on + 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).