Fixed Rate Bond (Issue 89)

Key Features Limited issue 2 year fixed rate bond maturing 31 July 2012. Fixed rate of interest over the term of the deposit. Interest is paid anually and at maturity. Alternatively you can have your interest paid monthly. Minimum deposit of GBP5,000; maximum deposit £1,000,000. No withdrawals until maturity.

Interest options

Your interest is payable annually on 31 July 2011 and at maturity on 31 July 2012. Alternatively it can be paid to you monthly at the end of each month.

"What do I do next?"

Simply download and complete the Fixed Rate Bond Application Pack, enclosing any identification documents and post this to our Isle of Man office together with your cheque.

Please note that the final date for accepting cheque deposits is 26 July 2010 but this may be earlier if the bond's limited space fills quickly.

If you prefer to send your payments to Bradford and Bingley International electronically you can do so. You will need to complete an electronic funds transfer form which you should give to your bank to instruct your payment. Please note that the final date for accepting electronic payments is 28 July 2010 but again this may be earlier if the bond's limited space fills quickly.

"What if the Fixed Rate Bond (Issue 89) becomes fully subscribed?"

If the Fixed Rate Bond (Issue 89) becomes fully subscribed and you send us your application form we will contact you to offer alternative deposit options with Bradford and Bingley International

Special terms and conditions

The following Fixed Rate Bond Special Conditions should be read in conjunction with the Savings accounts - Terms and Conditions of Deposit that are available in our application pack, on our website or on request from our office.

1. Fixed Rate Bonds are available to individuals and may be held solely or as a joint account.
2. We will pay interest gross without the deduction of tax.
3. Customers who are residents of the European Union (EU) member states are subject to the EU Savings Tax Directive. From 1 July 2011 the Isle of Man will be moving to automatic Exchange of Information. However for the purposes of the bond, any interest payments made prior to 1 July 2011 will also be subject to automatic Exchange of Information. This means that the details of the accounts of customers resident in the EU and their interest payments will be automatically disclosed to the tax authorities. When applying for the account, you must clearly authorise us to disclose your details to the tax authorities, otherwise you will not be eligible for the bond.
4. The minimum deposit into the account is £5,000 and the maximum deposit is £1,000,000.
5. Withdrawal payments instructions are limited to one instruction at maturity and will only be made to an accountin your name(s) by BACS transfer or an internal transfer instruction to other BBI accounts permitted.
6. Interest is paid anually on 31 July 2011 and at maturity on 31 July 2012 or monthly at the end of each month.
7. All Fixed Rates Bonds (Issue 89) will mature on 31 July 2012 into into an Easy Saver account (or equivalent access account) and you will earn a variable rate of interest and the terms and conditions of the access account will apply. We will notify you of the Special Conditions and the interest rate of the new account before the maturity date of your Fixed Rate Bond (Issue 89).
8. In the event of death of the beneficial owner(s), the Bond can be closed without notice or interest charge, and the interest charge will be applied up to and including the day of closure at the applicable rate of the Bond.
9. The account is only operated in £ sterling.
10. Statements are issued on maturity.
11. The law governing this agreement both before and after completion is the law of the Isle of Man.
12. Bradford & Bingley International accounts cannot be operated through branches of Santander in the UK.
13. In respect of deposits or withdrawals Bradford & Bingley International shall not be liable for any losses arising from the delay in transmission of funds that are due to causes beyond its control.