Skipton Launches New Sterling Savings Account
Wednesday, June 16, 2010
Guernsey-based Skipton International has announced the launch of a sterling offshore
deposit product, offering up to 2.25% gross/Annual Equivalent Rate. The account, with a 90 day notice period, is available to investors looking to deposit at least GBP10,000.
The ‘International Premium 90’ account offers two interest rate
tiers, with balances from GBP10,000 to GBP99,000 earning 2.00% gross/AER and
accounts with over GBP100,000 on deposit achieving the top interest rate of
2.25% gross/AER. Annual interest on both business and personal deposits will
be paid on June 1.
Monthly income options are also available paying 1.80% gross monthly and 2.00%
gross monthly, respectively, depending on the deposit amount. Monthly interest
will be paid on the twentieth day of the month.
Withdrawals for sums of GBP1,000 or more are only permitted after 90 days
notice has been given. The minimum deposit is GBP10,000 and the maximum investment
allowed is GBP5m.
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
GBP15bn assets. |
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