Offshore Bank Launches New Annual Interest Fixed Rate Bond

Douglas, United Kingdom, June 16, 2007 --(PR.com)-- Following the success of their previous annual fixed rate bond, Bradford & Bingley International (BBI) have launched a new one year savings account. The Fixed Rate Bond (Issue 29) is being offered as a limited-edition bond, which will close on 30th June 2007, or earlier if fully subscribed.

The fixed rate bond is available for deposits of £10,000 or more and pays up to 6.15% gross per annum with funds maturing on 30th June 2008. The account will particularly appeal to expatriates looking to supplement their monthly income through high interest fixed rate savings and who wish to maintain a tax efficient sterling savings account.

BBI bond holders also have the additional convenience of an emergency withdrawal facility. Should customers need access to their funds before the maturity date, they can do so subject to an interest penalty of 90 days on the funds withdrawn. Not surprisingly BBI’s last fixed-rate sterling bond, Issue 28, sold out within weeks of launch and it is expected that this issue will be fully subscribed before the closing date.

Bradford and Bingley International have developed a range of specialised savings accounts which reflect the different lifestyles and requirements of expatriates living, working or retiring abroad. The bank is based on the AAA rated Isle of Man and is a wholly owned subsidiary of Bradford and Bingley plc. It has customers in over 125 countries, especially in Spain, France and Commonwealth countries, and holds offshore assets exceeding GBP 3 billion.

For further details on the Fixed Rate Bond Issue 29, including Terms and Conditions and an application pack, visit the Bradford & Bingley International website.

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).

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