Offshore savings Updated:
Skipton International has really pushed the boat out for offshore savers with the launch of the fourth issue of its International Bonus account.
A market leading no notice account, a minimum investment of £10K pays 2.75% yearly (2.65% monthly), £50K pays 2.90% yearly (2.80% monthly) and £100K pays 3.00% yearly (2.90% monthly).
The rates include a 1.00% bonus until 31.1.11, after which they are guaranteed to be at least 1.00% (0.90% monthly) above Bank of England base rate until 31.1.12 and then at least Bank of England base rate until 31.1.13.
From 1.2.13, the rates will revert to a variable rate.
Any money going into the account must be new to Skipton International, while a minimum transaction level of £1K is also imposed.
While savers must remember to review their circumstances once the 1.00% bonus expires, the top of the range rates means this account earns four out five Moneyfacts stars.
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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