'Rate For Life' Account Introduced At Bradford And Bingley
Bradford and Bingley International has launched a new access savings account, which the offshore savings bank argues is guaranteed to pay a competitive rate. The new Life Saver account,which was introduced this week, tracks 0.25% above
the Bank of England base rate and stays that way forever, according to Bradford and Bingley International. “Customers can gain peace of mind and avoid the hassle that comes with
having to swap and change accounts to earn a great rate,” explained Lynette
Byrne, acting managing director at Bradford and Bingley International. On accounts with a balance of GBP10,000 and above, the annual gross p.a. is 5.25%
and the monthly gross p.a is 5.13%, with an AER of 5.25%. As well as this, if
the Bank of England Base Rate changes, BBI have stated that they will adjust the rate accordingly
within 30 days. .
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