New 40 Day Notice Account Offers Premium Rates

1st June 2010

Skipton International, the Guernsey based offshore savings and local mortgage specialist, has launched a new variable rate savings account targeting both offshore individual savers and business deposit accounts with interest rates of up to 2.10% gross/AER. The International Premium 40 account offers two interest rate tiers, with balances from £10,000 to £99,000 earning 1.90% gross/AER and accounts with over £100,000 on deposit achieving the top interest rate of 2.10% gross/AER. Annual interest on both business and personal deposits is paid on 1 June.

Monthly income options are also available paying 1.70% gross monthly and 1.90% gross monthly across the two tiers. Monthly interest is paid on the 20th of each month.

The account has been designed with flexible access features to allow any amount of £1000 or more to be deposited at any time, whilst withdrawals for sums of £1000 or more are only permitted after 40 days notice has been given. The minimum deposit is £10,000 and the maximum investment allowed is £5 million.

Commenting on the new account launch, commercial director Jim Coupe said, "This new account offers both private and business savers higher rates of interest than the 30 Day account it replaces, so we are expecting it to become a popular everyday savings vehicle at the centre of our customers' portfolios. The account is simple to operate with a minimum transaction of just £1000, the only real requirement being to give 40 days notice of withdrawals."