/24-7PressRelease/ - ISLE OF MAN, UK, October 06, 2007 - Bradford & Bingley International (BBI) has launched a new
online savings account. The eSaver account offers the highly competitive interest rate of 6.50% gross pa* for savings from just GBP1.
Like the award winning eAccess account launched in 2006, eSaver is available exclusively online and offers all the flexibility and convenience intrinsic to
internet banking.
Key Features
• Helps you save - Low opening balance requirement of only GBP 1 and a regular savings option help you to make the most of your savings
• Incentive to save - Where no more than 3 withdrawals are made between 1st April and 31st March each year, an interest premium of 0.50% is payable on the average balance over the year
• Manage from home - eSaver provides the convenience of viewing and managing your account from the comfort of your own home and at a time that suits you
• No hassles - Setting up the account is easy and with monthly regular savings and internet access, managing and growing your savings is hassle free
More detail
• Minimum Balance - GBP1
• Maximum Balance - GBP1,000,000
• Interest Rate Guarantee - Guaranteed to remain above UK Base Rate until 31st December 2008 when this policy will be reviewed
• Minimum Transaction - GBP1
• Interest - Paid annually
Lynette Byrne, Acting Managing Director of BBI, said, "The eSaver account is a great savings product. It's easy to open, has a very low opening balance, can be accessed and managed 24 hours a day from anywhere in the world, and offers the same attractive rate to everyone regardless of their balance. It's ideal for regular savers or people wanting to put aside a lump sum, for expatriates or those in the Isle of Man or Channel Islands. When you compare the eSaver account to other accounts in the offshore market no notice category the combination of the attractive interest rate and low opening balance makes it a market leader."
Market Comparison
Provider Product Rate Deposit
Bradford & Bingley International eSaver 6.50% 1
Nationwide International Base Rate Tracker Premium 6.50% 25,000
Alliance & Leicester International eSaver Issue 1 6.40% 1,000
Derbyshire Offshore Limited Ed. Base Rate Tracker 1 6.26% 5,000
[I]Source:[/I] Moneyfacts 3 October 2007
Further details of the eSaver account can be obtained by visiting
www.bbi.co.im/esaver or contacting Bradford & Bingley International on + 44 (0) 1624 695000.
About Bradford & Bingley International
Bradford & Bingley International, which is based on the AAA rated Isle of Man, offers a wide range of tax efficient offshore savings accounts for international and expatriate customers as well as Isle of Man and Channel Island residents.
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