Skipton International launch new 180-day notice account

Skipton International launch new 180-day notice account

18th July 2016

Skipton International are launching a new savings account with one of the most competitive interest rates in the market.

The account is being launched tomorrow (Tuesday 19 July), offering 1.40% AER and is available to new and existing customers with balances between £10,000 and £5 million.

Annual interest on the account will be paid 15 October, while monthly interest will be paid 15th of each month. 180 days’ notice is required for all withdrawals and there is no early access option.

Managing Director, Jim Coupe, said: “With a market leading interest rate we expect this new savings account to be just as popular as our recent 12-month bond. It is complementary to our existing 40-day and 80-day notice accounts and is available for individual investors.

“As our recent Moneyfacts Award for Best Offshore Account Provider indicates, we are committed to giving customers from the Channel Islands, and all around the world, the best personal service and to make the process of opening offshore savings accounts as straightforward as possible.”

Skipton International offers a range of offshore savings accounts including Notice, Easy Access, and Fixed Rate accounts, to Channel Island residents and British expats in over 100 countries around the world.

At the end of 2015 Skipton International reached £1.075 billion of deposits, making it equivalent to the 12th biggest building society in the UK. Skipton is also one of the largest providers of mortgages in the Channel Islands. 

Earlier this year Skipton International won Best Offshore Account Provider 2016 at the Moneyfacts Awards. This is the third time Skipton has won this Moneyfacts Award, and the Channel Island-registered bank has been commended, highly commended, or has won an award for the past seven years.