Skipton International (Skipton) has today launched new Individual and corporate savings accounts with some of the most competitive rates of interest in the market.
The International Saver 200 offers 1.30% gross AER (Annual Interest Rate) on balances between £10,000 to £5 million. Annual interest will be paid 15 October, with monthly interest paid on the 15th of each month. 200 days’ notice is required for all withdrawals and there is no early access option for this account.
The International Saver 200 is available to new and existing customers.
Skipton offers a range of offshore savings accounts including Notice, Easy Access, and Fixed Rate accounts, to Channel Island residents and British expats around the world.
Earlier this year Skipton won Best Offshore Account Provider 2016 at the Moneyfacts Awards, a recognition of the consistently competitive rates of interest for new and existing customers, and Skipton’s excellent customer service. This is the third time Skipton has won a Moneyfacts Award, and the Guernsey-registered bank has been commended, highly commended, or has won an award for the past seven years.
Jim Coupe, Managing Director, Skipton International, said: “This account has a market leading rate of interest and we expect it to prove very popular with individual savers.
“As a Guernsey-registered bank with well-established record of offshore-banking we are committed to giving customers from all over the world the best personal service, and to make the process of opening offshore savings accounts as straightforward as possible.”
The International Saver 180 account has now been withdrawn.
At the end of 2015 Skipton reached £1.075 billion of deposits, making it equivalent to the 12th biggest building society in the UK. Skipton is also one of the largest providers of mortgages in the Channel Islands.