ISLE OF MAN SAVINGS BANK LAUNCHES TWO NEW ACCOUNTS

| March 5, 2009
John Pearson

John PearsonIsle News, 5 March 2009 – Bradford & Bingley International (BBI) have launched two new competitive savings accounts. Easy Saver and Global Saver were launched on 28th February and replace a number of existing savings accounts to form the foundations of the BBI savings account range.

Easy Saver is an access savings account requiring no notice for withdrawals and paying an attractive rate of interest for balances of £5,000 and above. Savers can opt to have their interest paid annually, monthly or deferred (on account closure), to suit their individual requirements. Easy Saver is currently paying 2.50% for annual and deferred interest and 2.45% (AER 2.48%) for monthly interest.

For savers looking for a higher interest rate savings account, Global Saver offers a premium interest rate in return for 60 days notice for withdrawals. Immediate access is still an option, should savers require it, in return for 60 days loss of interest on the amount withdrawn. Again, savers can opt to receive their interest annually, monthly or deferred. Global Saver is currently paying 2.75% for annual and deferred interest and 2.70% (AER 2.73%) for monthly interest.

BBI’s Managing Director John Pearson commented: “The two new savings accounts help to make our range a much clearer proposition to savers. As well as complimenting each other, they work extremely well alongside our longer term savings accounts such as out Fixed Rate Bonds.”

BBI is now part of Abbey and the Santander Group. Savers can be confident in Santander’s AA rating from Standard & Poor’s and that deposits with BBI are covered by the full guarantee of Abbey.

More information on Easy Saver and Global Saver can be found on BBI’s website,  www.bbi.co.im or alternatively call +44 (0)1624 695000.

-Ends-

Note to editors:

For further information, please contact BBI on +44 (0)1624 695000 or visit www.bbi.co.im

EU Savings Directive rules apply to EU resident depositors.

AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid to the account once a year.

Under Isle of Man legislation, deposits made with an Isle of Man office of Bradford & Bingley International Limited are covered by the Isle of Man Depositors Compensation Scheme.

Bradford & Bingley International Limited is registered in the Isle of Man No. 052221C. Registered Office: 30 Ridgeway Street, Douglas, Isle of Man, IM1 1TA, British Isles. Licensed by the Isle of Man Financial Supervision Commission to take deposits.

SOURCE: Bradford & Bingley International

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Category: Finance & Business, Isle of Man

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