Bradford & Bingley International Launch Fixed Rate Bond Issue 27 with Emergency Access Feature

Offshore savings specialist Bradford & Bingley International has launched their latest one-year fixed-rate savings bond effective from 20th February, 2007. Fixed Rate Bond Issue 27 pays up to 5.80 percent gross per annum and matures on the 31st March, 2008.

Isle of Man (PRWeb) March 1, 2007 -- Following the success of Offshore savings specialist Bradford & Bingley International their previous 18-month fixed-rate bond (Issue 26), Offshore savings specialist Bradford & Bingley International have launched a new one-year offshore savings bond. The account is a limited edition bond, which will close on 31st March, 2007 or earlier if fully subscribed.



This savings bond has been launched with the added benefit and convenience of an emergency withdrawal facility. Customers needing access to their funds before the maturity date can do so subject to a 90-day interest penalty on the amount withdrawn. Traditionally, funds committed to fixed-rate bonds are locked in until maturity. This feature will give customers the flexibility to react to any unforeseen changes in their circumstances during the period of the investment.

John Sheath, Managing Director of Bradford & Bingley International added, "The guarantee of a fixed-rate is important to many savers, and the additional flexibility and security offered by the emergency withdrawal feature will only make this an even more attractive savings option. Our last savings bond sold extremely well and I would expect this one to be fully subscribed before the closing date of 31st March, 2007."

More information on Fixed Rate Bond Issue 27, including terms and conditions and an application pack, can be found on the Bradford & Bingley International web site. For more information on offshore savings accounts and historic interest rates.

Note to Editors:
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).

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Website: www.bbi.co.im

Press Release Source: EMediaWire