Offshore Bank Restructures 5.40% Monthly Income Savings Account

Offshore savings specialists Bradford & Bingley International have restructured their sterling Income 180 Savings Account to offer more accessibility and a single high rate of interest. Offshore bank Bradford & Bingley International have restructured their award-winning monthly income savings account. The Income 180 account now pays a single high interest rate of 5.40% gross per annum and is available to customers wishing to bank a minimum of GBP 10,000.

The account will particularly appeal to expatriates looking to supplement their monthly income through a high interest savings

account. Readers of Investment International recently voted Bradford & Bingley International the ‘Best Monthly Interest Account Provider’ in recognition of the account’s consistent interest rate, practicality and the support provided by the customer service team. Moneyfacts has also highly commended the Income 180 account in 2006.

The monthly income savings account pays 5.40% in return for 180 days notice on any withdrawals, however one "emergency" penalty free withdrawal is available each year of up to 25% of the current balance, without the need to give notice. Managing Director of Bradford & Bingley International, John Sheath, added, “We are always looking to improve our products in response to customer feedback and opportunities in the market. Receiving feedback such as the ‘Best Monthly Interest Account Provider’ award only goes to fuel our desire to become even better at what we do.”

More information on the Income 180 Account, including Terms and Conditions and an application pack, can be found at the Bradford & Bingley International website.