Skipton International Launches New Accounts
Thursday, June 03, 2010
Skipton International, the Guernsey based savings
and local mortgage specialist, has launched a new variable rate savings
account targeting both offshore individual savers and business
deposit accounts.
The International Premium 40 account offers two
interest rate tiers, with balances from GBP10,000 to GBP99,000 earning
1.90% gross/AER and accounts with over GBP100,000 on deposit achieving
the top interest rate of 2.10% gross/AER. Annual interest on both
business and personal deposits is paid on June 1.
Monthly income options are also available paying
1.70% gross monthly and 1.90% gross monthly across the two tiers.
Monthly interest is paid on the 20th of each month.
The account has been designed with flexible access
features to allow any amount of GBP1,000 or more to be deposited at any
time, whilst withdrawals for sums of GBP1,000 or more are only
permitted after 40 days notice has been given. The minimum deposit is
GBP10,000 and the maximum investment allowed is GBP5m.
Commenting on the new account launch, commercial
director Jim Coupe said: “This new account offers both private and
business savers higher rates of interest than the 30 Day account it
replaces, so we are expecting it to become a popular everyday savings
vehicle at the centre of our customers’ portfolios. The account is
simple to operate with a minimum transaction of just GBP1000, the only
real requirement being to give 40 days notice of withdrawals.”
Skipton International Ltd offers a range of
sterling, euro and US dollar accounts and is part of Skipton Building
Society, the fourth largest in the UK with over GBP15 billion assets. |
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