International Access Plus
Offshore Saving with Easy Access
| Investment |
Annual Rate (gross pa/AER) |
Monthly interest Gross rate |
Monthly interest AER |
| Above £100,000 |
1.60% |
1.40% |
1.41% |
| £10,000 to £99,999 |
1.50% |
1.30% |
1.31% |
Access to your money
Our International Easy Access Plus offshore saving account allows four easy access withdrawals per year (i.e. 14 October to 13 October) with a minimum transaction amount of £1,000.
Any subsequent withdrawals will incur an administration charge of £25
This account is only available to private investors.
Interest payment
Interest rates are variable. Interest is credited annually on 14 October. Monthly interest is credited on the first day of the month. Interest is earned after 3 working days including the day we receive your cheque.
Please note that interest may be paid gross and it is your responsibility to declare all income to your tax authority.
Opening your offshore account
Existing SIL clients only need to complete an Additional Account Opening Form. New clients will need to complete an application form and supply relevant identification and proof of address documents. Offshore savings accounts may be opened by cheque, electronic transfer or BACS. Please note the minimum opening balance is £10,000.
Application Form
Click Here
If more than two persons will be applying jointly for a single account, please also download the Third and Fourth Applicant Page.
If you wish to transfer funds to us by electronic transfer your bank will require the following details:
| Sort Code: |
40-22-25 |
| Swift Code: |
MIDLGB22 |
| IBAN: |
GB68MIDL40222592660148 |
| Bank Name: |
HSBC Bank plc |
| Account No: |
92660148 |
| Account Name: |
Skipton International Limited |
| Beneficiary: |
Your name/International Access Plus |
Please instruct your bank to make the payment as early as possible in the day so that the funds reach our account before 12 noon, UK time. This should ensure that your funds earn interest from the day of receipt. Funds received after this time will start earning interest from the next business day. Please ensure you have received confirmation your new offshore account has been opened before sending funds to us. Also, please remember to read the 'Legal' section below and the Terms and Conditions of the relevant account before sending your money to us.
SIL will not accept any liability for delays in receipt of inward payments; agents' charges, where applicable, will be deducted from the amount credited to your account.
Funds received in any currencies other than that agreed will be converted to the appropriate currency at the prevailing rate of exchange at the time of the transaction.
*Gross means interest paid without the deduction of tax. Your tax treatment will depend on your individual circumstances and may be subject to change in the future.
**AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.