Tracker Bond (Issue 3)

Key Features

• Limited issue variable rate bond.
• Guaranteed to track UK Base Rate until 30 June 2010.
• Interest on maturity or monthly.
• Minimum balance of GBP5,000.

Interest options

Your interest is payable at maturity on 30 June 2010 or monthly on the last day of each month.

"What do I do next?"

Simply download and complete the 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 23 June 2009 but this may be earlier if the bond's limited space fills quickly.

If you prefer to send your payments 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 25 June 2009 but again this may be earlier if the bond's limited space fills quickly.

"What if the bond becomes fully subscribed?"

If the bond becomes fully subscribed and you send us your application form we will contact you to offer alternative deposit options.

Special terms and conditions

The following Tracker Bond special conditions should be read in conjunction with the Savings accounts - Terms and Conditions of Deposit including savings account charges & special services that are available in our application pack, on our website or on request from our office.

1. Tracker Bonds are available to individuals, trustees and investment companies held for the benefit of individuals. Joint accounts are available.
2. We will pay interest gross without the deduction of tax at source for all non-EU residents.
3. EU residents who are subject to retention tax by way of the EU Savings Tax Directive will need to consider the effect of the retention tax that will be applied to their accounts. More information can be found on the EUSTD section of this site.
4. It is the responsibility of the depositor to declare any interest received to their relevant tax authority.
5. The minimum deposit into the account is GBP5,000.
6. Withdrawal payments will only be made to an account in your name(s). Withdrawals by cheque will be made out in you name(s).
7. Interest is paid on maturity or monthly at the end of each month.
8. Interest is variable and linked to the Bank of England Base Rate until 30 June 2010. Where a change in Base Rate occurs, rates will reflect the change within 20 working days.
9. The account is only operated in GBP sterling.
10. The law governing this agreement both before and after completion is the law of the Isle of Man.
11. Bradford & Bingley International accounts cannot be operated through branches of the Santander Group.
12. In respect of deposits or withdrawals, Bradford & Bingley International shall not be liable for any losses arising from the delay in the transmission of funds that are due to causes beyond its control