Investment

Annual Rate (Gross PA/AER)

Further Information
£10,000 or more

0.80%         

A notice account where 120 day notice is required for all withdrawals. 

Balances below £10,000 will attract an interest rate of 0.00% AER

Available for deposits between (minimum) £10,000 and (maximum) £5,000,000

With effect from 8 September 2021

Information

The interest rate on this sterling offshore savings account is variable. Interest is credited annually on 31 August. Interest is earned after 3 working days including the day we receive your cheque. Please note that interest may be paid gross and it is your responsibility to declare all income to your tax authority.

This offshore account is available to private investors only. Sterling accounts for corporate customers, trust companies and pension schemes are available.  Please view our Business page for further information.

To open this savings account, existing Skipton International customers will 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. For further information on how to apply please see our Application Guide

Offshore accounts may be opened by electronic transfer, BACS or cheque. 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 account conditions are to be read in conjunction with our General Terms & Conditions for deposit accounts.

Withdrawals from Skipton International can only be made to bank accounts in the name(s) of the Account Holder(s). Third Party payments are not permitted.

Return to the Offshore savings page.