Monthly income fixed rate bond launched by offshore savings specialist

Bradford & Bingley International has just launched their first fixed rate income bond specifically designed for customers wishing to receive a monthly income from their fixed term deposit.

Fixed rate income bond (Issue 1) is a one-year savings bond paying 5.95% maturing on 30 June 2008.

The fixed rate monthly interest savings bond is ideal for anybody looking to earn an income from their savings. This can be a great way to supplement existing income or pension. The fixed rate ensures that bond holders can be certain of the amount of income they will receive on a monthly basis throughout the period of the bond. This guaranteed rate also protects their income should there be a decrease in Bank of England Base Rate.

The bond also offers the additional convenience of an emergency withdrawal option. If access is required to the initial deposit before the bond maturity date, customers can make withdrawals subject to a 90-day interest penalty on the funds withdrawn. Bond holders therefore have the flexibility to react to any unforeseen changes in their circumstances during the fixed rate period of the investment.

More information on Fixed Rate Income Bond (Issue 1), including Terms and Conditions and an application pack, can be found on the Bradford & Bingley International website, www.bbi.co.im.

ENDS

For further information, please contact Bradford & Bingley International on + 44 (0) 1624 695000.

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).