International Select 120

Savings

Attractive rates for 120 days notice

Offshore Savings Account offering attractive rates for 120 days notice

If you don't require immediate access to your offshore savings then our International Select 120 account offers our highest variable rate of interest. Subject to a minimum transaction of £1,000 you can make an unlimited number of withdrawals, subject to providing 120 days notice.

Please note there is no early access option available with this savings account.

Also, this account is only available to private investors and may be withdrawn at short notice.

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Investment Annual Rate (gross pa/AER) Monthly interest Gross rate Monthly interest AER
Above £100,000 2.50% 2.25% 2.27%
£10,000 to £99,999 2.25% 2.00% 2.02%

Balances below £10,000 will attract an interest rate of 0.10% AER
with effect from 01 January 2012

Information

This offshore account is available to private investors only.

Interest rates on this offshore savings account are variable. Interest is credited annually on 5 July. Monthly interest is credited on the 5th day of the month. Interest is earned after 3 working days including the day we receive your cheque.

To open an account existing Skipton International customers only need to complete an Additional Account Opening Form. New customers will need to complete an Application Form and supply relevant identification and proof of address documents. If more than two persons will be applying jointly for a single account, please also download the Third and Fourth Applicant Page.

Offshore accounts may be opened by cheque, electronic transfer or BACS. If you wish to transfer funds to us by electronic transfer or BACS click here for the details your bank will require. Please note the minimum opening balance for this offshore account is £10,000.

The above conditions are to be read in conjunction with our General Terms & Conditions for deposit accounts. Please note that interest may be paid gross and it is your responsibility to declare all income to your tax authority.

Application Forms

Additional Account Opening Form

Customer Application Form

Third and Fourth Applicant Page

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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/Account Name
e.g. John Smith/International Premium 90

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.

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Savings

up to 3.40% (gross pa/AER)

2 Year International Reserve Bond

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up to 2.75% (gross pa/AER)

International Select 180

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up to 2.50% (gross pa/AER)

International Select 120

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up to 2.15% (gross pa/AER)

International Select 80

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up to 2.00% (gross pa/AER)

International Select 40

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up to 1.60% (gross pa/AER)

International Access Plus

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up to 1.25% (gross pa/AER)

International Easy Access

Find out more

Withdrawn/Closed Accounts

For details of withdrawn or closed offshore savings accounts.

Find out more

Awards

Winner Business Moneyfacts Awards 2010 - Offshore Business Accounts   Shortlisted for the 2010 Guernsey Awards for Achievement

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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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