1 April 2010 - New 2 Year Bond paying 3.25% AER
Skipton International Limited has launched a second edition of its popular two year fixed rate sterling account paying 3.25% gross/AER per annum.
With a minimum deposit of just £10,000 and all balances earning the same high rate of return, the account is expected to be very popular, so is being offered on a strictly first come first served basis and the Bond will be withdrawn as soon as it has reached its allocation.
Interest will be paid annually on 31 May 2011 and again a year later upon maturity of the account. Interest can be capitalised or paid away to an account of the customer?s choice, but additional funds cannot be added or withdrawn during the two year term.
Commenting on the new Bond, Commercial Director Jim Coupe said, "We are witnessing continued and strong demand for shorter term fixed rate savings accounts which give savers a known return, backed by the security of a major local savings specialist. Our latest Skipton International 2 Year Bond offers a combination of an attractive interest rates, long term stability and access to your savings in just 24 months time."
At the end of the two year term the account reverts to a variable rate no notice structure.
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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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