New Global Saver and Easy Saver Savings Accounts Launched

Bradford & Bingley International (BBI) have launched two new competitive savings accounts. Easy Saver and Global Saver were launched on 28th February and replace a number of existing savings accounts to form the foundations of the BBI savings account range.

Easy Saver is an access savings account requiring no notice for withdrawals and paying an attractive rate of interest for balances of £5,000 and above. Savers can opt to have their interest paid annually, monthly or deferred (on account closure), to suit their individual requirements. Easy Saver is currently paying 2.50% for annual and deferred interest and 2.45% (AER 2.48%) for monthly interest.

For savers looking for a higher interest rate savings account, Global Saver offers a premium interest rate in return for 60 days notice for withdrawals. Immediate access is still an option, should savers require it, in return for 60 days loss of interest on the amount withdrawn. Again, savers can opt to receive their interest annually, monthly or deferred. Global Saver is currently paying 2.75% for annual and deferred interest and 2.70% (AER 2.73%) for monthly interest.

BBI's Managing Director John Pearson commented: "The two new savings accounts help to make our range a much clearer proposition to savers. As well as complimenting each other, they work extremely well alongside our longer term savings accounts such as out Fixed Rate Bonds."

BBI is now part of Abbey and the Santander Group. Savers can be confident in Santander's AA rating from Standard & Poor's and that deposits with BBI are covered by the full guarantee of Abbey.