New 180 day notice account offers premium rates to investors

Skipton International, the Guernsey based savings and local mortgage specialist, has launched a new variable rate savings account targeting both Channel Islands and offshore individual savers, with interest rates of up to 2.75% gross/AER on offer.

The International Select 180 account offers two interest rate tiers, with balances from £10,000 to £99,000 earning 2.50% gross/AER and accounts with over £100,000 on deposit achieving the top interest rate of 2.75% gross/AER. Annual interest on both business and personal deposits is paid on 05 July.

Monthly income options are also available paying 2.25% gross monthly and 2.50% gross monthly on top tier deposits. Monthly interest is paid on the 05th of each month and interest can be capitalised to the account or paid away to a suitable account in the holder’s name.

Withdrawals for sums of £1000 or more are only permitted after 180 days’ notice has been given. The minimum deposit is £10,000 and the maximum investment allowed is £5 million.

Commenting on the new account Skipton International managing director Jim Coupe says, “In the current markets, our customers have been asking us for deposit choice and security. We now have one of the widest ranges of easy access and notice deposit accounts offshore and as part of the fourth largest Building Society Group in the UK, we can certainly offer customers confidence in their investment.”

Skipton International Ltd offers a range of sterling offshore deposit accounts and is part of Skipton Building Society, the fourth largest in the UK with over £14 billion assets.

For more information on Skipton International savings products, visit skiptoninternational.com.