Isle of Man-based Bradford & Bingley International announced on Thursday the launch of its latest Fixed Rate Bond, offering an interest rate of up to 7.00% gross p.a. fixed for 1 year.
The new offering is design to afford a degree of flexibility for savers, and will permit emergency withdrawals if required, in lieu of 90 days loss of interest on the amount withdrawn.
According to BBI, the Bond can be opened with a minimum opening balance of only GBP10,000 and interest is paid on maturity on the 30th June 2009.
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