Scarborough revamps ‘Lifestyle' account range

Scarborough Channel Islands Limited (SCIL) is helping customers structure their savings to suit their lifestyle with new and restyled products in its ‘Lifestyle' range of easy access and notice accounts.
Both the new Lifestyle Reserve and the revamped Lifestyle Notice 28 accounts now offer a full range of annual, monthly and deferred interest payment dates, which is ideal for people looking to take control of their tax affairs.

Customers who want easy access to their savings can now open a new Lifestyle Reserve account. With up to four penalty-free withdrawals per year, subject to a minimum withdrawal of £1,000, and further deposits allowed throughout the life of the product, the Lifestyle Reserve provides a more flexible solution.

For investors who don't require immediate access to their money, the Lifestyle Notice 28 has been revamped and re-priced by up to 0.25%, in order to offer even better value for customers. Requiring just 28 days notice for a penalty-free withdrawal, the account benefits from very competitive rates of up to 6.50% Gross P.A.

Both accounts, which have tiered interest rates, require a minimum investment of £5,000 and are subject to a maximum deposit limit of £1,000,000 per customer.

SCIL Managing Director Tony Burdin said: ‘Our new range of interest payment dates, including deferred interest - a feature we have added in response to feedback - makes it even easier for our customers to plan their tax affairs.

‘Our ‘Lifestyle' range has proved very popular to date and with both easy access and notice options now available, we have a range of flexible and good value products to meet the needs of most people's lifestyle and financial circumstances.

For more information, visit scarboroughci.com