8 March 2010 - 2.40% AER on new 1 Year Fixed Rate Bond
A new one year bond has been launched by Skipton International offering customers a fixed interest rate return over twelve months.
Annual interest is paid by the International Reserve Bond on 30 April 2011 on maturity of the Bond, with a monthly interest option also being available paying a fixed rate of 2.30% monthly, 2.32% AER, on the 15th of each month. On maturity, customers will be offered the opportunity to deposit additional funds and take advantage of a new fixed rate bond, or the account can be closed and funds withdrawn.
With a minimum deposit of £10,000, the Bond has been structured to offer customers maximum flexibility. Interest can be added to the opening balance, paid away to a separate bank account or paid to a savings account with Skipton International. The maximum deposit is £5 million. No access to funds is allowed once the account is open.
Commenting on the new issue of the International Reserve Bond, Skipton international commercial director Jim Coupe said, "Our customer feedback tells us that there is a strong demand for short term guaranteed interest rates, particularly against the background of continuing low Bank of England Base Rate. This account pays an attractive fixed rate of interest and will be particularly suited to customers using their savings for income purposes."
19 July 2011
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05 July 2011
Olympics Hopeful Joins Skipton Swimarathon
Olympic hopeful Ian Powell joins Skipton Swimarathon as Ambassador
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23 May 2011
Jersey House Prices continue flat trend
Average price of houses and flats sold in the first quarter of 2011 similar to the whole of 2010.
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16 May 2011
Guernsey House Prices increase
House prices in Guernsey have increased and volumes broadly stable
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European Union Savings Tax Directive
Information for all EU Residents (including the UK)
This communication outlines the changes implemented, by the Government of Guernsey, on 1 January 2011, to the EU Savings Tax Directive ("The Directive").
Automatic Exchange of Information
If you are resident in the EU (including the UK) gross interest will be paid to you and be subject to an automatic exchange of information with The Guernsey Income Tax Authority. This report will detail your full name, postal address, account number/s, date of birth, place of birth, tax identification number (if known) and the amount of interest added to your account/s. Thereafter this will be forwarded to the tax authorities in your country of residence.
If you are deemed to be "non-domiciled" for tax purposes in your country of residence, we may be able to pay you gross interest without the need to submit an exchange of information report. To arrange this we require confirmation of your tax status, e.g. a letter issued by the tax authorities in your country of residence or accountants.
Non EU residents will continue to receive gross interest and it remains the responsibility of individual investors to disclose the interest earned on their accounts to the relevant tax authorities.
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