Two fixed rate offshore savings accounts with market leading rates

Two fixed rate offshore savings accounts with market leading rates

5th April 2017

Skipton International is today (5 April) launching a new three-year fixed rate offshore savings account, with a market leading interest rate of 1.60% gross per annum /AER.

The new account, which matures on 1 June 2020, is available on balances between £10,000 and £5 million for new and existing offshore savings customers.

At the same time, Skipton international is also launching a new two-year offshore savings bond, with a market leading interest rate of 1.40% gross per annum / AER. This is also available on balances between £10,000 to £5 million, maturing 15 May 2019.

Jim Coupe, Managing Director, Skipton International, said: “Skipton International is committed to offering our customers a good return on their savings, and with some of the best rates in the market, our offshore savings accounts constantly deliver that. Our new fixed rate accounts offer offshore savers a real alternative in this low base rate environment.”

Skipton International has recently been shortlisted for Best Offshore Account Provider at the Moneyfacts Awards 2017, a title the bank currently holds. The Moneyfacts Awards involve an independent assessment of personal finance products with input from IFAs. Skipton has been commended, highly commended, or has won a Moneyfacts award for the past eight years.

Jim said: “Competitive interest rates are just one factor behind our success as an offshore savings provider. Our outstanding levels of customer service have been independently recognized by our recent Feefo award - and quick, straightforward processes for opening new accounts are areas we invest in through training, development and system improvement, and are all of equal importance.”

Skipton has been awarded a Feefo Gold Trusted Service Award 2017 in recognition of outstanding levels of customer service. Throughout 2016 Skipton achieved a Feefo service rating of 4.5 to 5.0 – the highest level possible.

The Guernsey-licensed bank offers a range of offshore savings accounts including Notice, Easy Access, and Fixed Rate accounts, to Crown Dependency residents and British expats in over 100 countries around the world.