Bradford & Bingley International has raised its Euro Account interest rates.
The move follows an increase of 0.25% in the main policy rate by the European Central Bank on 9 July.
A Euro Account investment of €10,000 to €49,000 will receive an annual gross rate of 4%.
Balances of €50,000 to €99,000 will receive 4.05% while a €100,000 to €199,000 investment will receive 4.1% interest a year. Accounts of €200,000 and above will receive an annual gross interest of 4.15%.
Bradford & Bingley has also launched a new sterling Fixed Rate Bond Issue 44. The one-year bond pays up to 7%, with interest on maturity and monthly interest options.
The product offers emergency withdrawals, allowing for unforeseen changes of circumstance. However, if access is required within the fixed term of the account, the withdrawal will be subject to a penalty equivalent to 90 days’ interest.
Fixed Rate Bond Issue 44 is available until 31 August but will close earlier if oversubscribed.
Annuity market worth £4bn in 2017
For ‘distress’ caused
Oversees £30bn of advised and D2C assets
Less than a third of top paid employees are women
£1bn business since inception