Offshore savings specialists Bradford & Bingley International have increased the rate of interest offered on two of their Internet savings accounts.
The increase comes despite a 0.25% decrease by the Bank of England to UK Base Rate on 7th February 2008.
The offshore savings bank, which is based on the Isle of Man, has raised the interest on two of its ‘eSavings’ online savings accounts – the eSaver and eIncome.
eSaver is a no notice savings account which offers 6.40% interest and includes a 0.50% premium if no more than 3 withdrawals are made over the financial year. eIncome is a monthly interest, no notice savings account that pays up to 6.00% p.a. (AER 6.17%).
Bradford & Bingley International’s range of Internet savings accounts are only available online and provide predominantly British expatriates with competitive offshore interest rates and the convenience of online banking.
Acting Managing Director Lynette Byrne said, “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 the eSavings Internet savings accounts.
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).