Fixed Rate Bond Maturing 31 October 2018

Offshore Savings Account Offering a guaranteed fixed rate of interest until maturity.

If you don't require access to your savings then this Fixed Rate Bond could be perfect.  This Fixed Rate Bond is offering an attractive rate of interest and has a fixed maturity date of 31 October 2018.  Interest will be paid annually on 31 October commencing 31 October 2017.  Please note there is no early access available with this savings account and must be held until maturity. 

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Skipton International Telephone Banking

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Skipton International Savings

Investment

Annual Rate (Gross PA/AER)

Monthly Interest Gross Rate

Monthly Interest AER

Maturity Date

£10,000 or more1.25%N/AN/A31 October 2018

Balances below £10,000 will attract an interest rate of 0.10% AER with effect from 12 September 2017

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

 

Information

Interest rates on this offshore savings account are fixed. Interest is credited annually and upon maturity on 31 October 2018. 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.

To open an 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. 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.

 *AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year.  Skipton International Limited (Skipton) is licensed by the Guernsey Financial Services Commission and is registered in Guernsey: 30112. Skipton is a wholly owned subsidiary of Skipton Building Society. Skipton is licensed under the Banking Supervision (Bailiwick of Guernsey) Law, 1994, as amended. Skipton is not licensed by the Isle of Man (IOM) Financial Services Authority and deposits made with Skipton are not covered by the IOM Depositors Compensation Scheme. 

Skipton is a participant in the Guernsey Banking Deposit Compensation Scheme. The Scheme offers protection for ‘qualifying deposits’ up to £50,000, subject to certain limitations. The maximum total amount of compensation is capped at £100,000,000 in any 5 year period. Full details are available on the Scheme’s website www.dcs.gg or on request. Skipton is not licensed by the Isle of Man (IOM) Financial Services Authority and deposits made with Skipton are not covered by the IOM Depositors Compensation Scheme. To help maintain service and quality, telephone calls may be recorded and monitored.

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