Interest rate increased on Euro Halifax International Guaranteed Saver

Bank of Scotland International has increased the interest rate on its Euro Halifax International Guaranteed Saver account to 4.25%, with immediate effect.

The account has a minimum opening balance of €35,000 and a maximum investment balance of €1.4m. As part of an introductory bonus offer the account guarantees to pay 0.25% above the European Central Bank Minimum Lending Rate for the first year. After the first year, the account will pay base rate minus 0.20%.

Interest is paid annually and can be credited to the account or paid away to an account held with Bank of Scotland International. There is no notice required for withdrawals and an unlimited number of foreign exchange transactions can be made each year. In addition, four withdrawals in the same currency as the account can be made each year, without lost interest.

Tony Wilcox, Managing Director at Bank of Scotland International, says: "The Euro Halifax International Guaranteed Reserve provides a very competitive interest rate for offshore savers seeking an attractive return."