International US Dollar Account
An offshore US Dollar account with Easy Access
| Investment |
Annual Rate (gross pa/AER) |
| Above US$25,000 |
0.25% |
| Below US$25,000 |
0.10% |
Access to your money
If you need to hold an element of your offshore savings in US Dollar and require access without loss of interest, then our 'International US Dollar Account' is the perfect account for you. It offers withdrawals without loss of interest once the account opening procedures are complete. All we ask is that the minimum transaction made is US$1,000
This account is available to private investors and corporate customers excluding Financial Institutions.
Interest payment
Interest rates are variable. Interest is credited annually on 30 June.
Please note that interest may be paid gross and it is your responsibility to declare all income to your tax authority.
Opening your offshore US Dollar account
IF YOU ARE AN EXISTING CLIENT
Please download, print and complete this Application to open an International US Dollar or International Euro account form, and send it to us in Guernsey. Please remember to read the 'Legal' section below and the Terms and Conditions of the relevant account before sending your money to us.
IF YOU ARE A NEW CLIENT
If you would like to invest in this product, please print out and complete the Application Form then send it to us in Guernsey, together with two forms of identification (see the list of suggested items on the Application Form). We will then provide you with an account number in order for you to arrange an electronic transfer.
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:
The minimum opening balance is $25,000.
| Sort Code: |
40-22-25 |
| Swift Code: |
MIDLGB22 |
| IBAN: |
GB59MIDL40051557613137 |
| Bank Name: |
HSBC Bank plc
London |
| Account No: |
57613137 |
| Account Name: |
Skipton International Limited |
| Beneficiary: |
Your name/Account number |
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.
**AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
*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.