Bradford & Bingley International launches base rate tracker
Thursday, 18 Oct 2007 14:50
Bradford & Bingley International (BBI) is launching a new base rate tracker at 6.4 per cent.
The Isle of Man-based subsidiary of Bradford & Bingley is offering a savings account at 0.25 per cent over the base rate for savings between £5,000 and £24,999 and at 0.65 per cent over the base rate for savings up to £500,000.
In the second year all savings stand at the Bank base rate.
The account offers four penalty-free withdrawals in each anniversary year. Further withdrawals result in a 30 day loss of interest.
"As a longer term savings account, customers would ideally have an access account as well, removing the need for frequent withdrawals from their Tracker account and ensuring that they get the most from their savings," said acting managing director of BBI, Lynette Byrn.
"The guarantees provide peace of mind and make this account extremely attractive to customers saving for their futures, perhaps for their pensions or a large purchase."