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Product News

New top offshore bonds from Skipton 16th September 2016

Skipton International Ltd has re-launched into the offshore fixed rate savings market with two excellent bonds. The one and two-year accounts are market-leaders for their individual terms, and have therefore stormed straight into the top three of the fixed offshore Best Buy chart.
The basics… The one-year Fixed Rate Bond boasts a rate of 1.30% yearly to 18.09.17, while the two-year equivalent pays 1.40% to 18.09.18. Both also offer monthly versions paying slightly reduced rates (1.29% and 1.39% respectively).
The finer details… Both bonds require a minimum investment of £10,000. Withdrawals and additions are not allowed. The accounts can be opened in branch or by post and are then operable via the same methods as well as by phone.
It should be noted that funds held in these accounts are protected under the Guernsey Depositors' Compensation Scheme, whereby the first £50,000 per person, per bank/building society, is covered.

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New offshore bond leads the pack 17th June 2016

Skipton International Ltd has introduced a one-year fixed offshore bond to the market and instantly secured it a coveted place on the charts thanks to its attention-grabbing rate and terms.

The basics… 1 Year Fixed Rate Bond pays a market-leading short-term rate of 1.40% yearly (1.39% monthly) until 30.6.17, which enables it to hold a strong place in the charts.

The finer details… This account can be opened online, by phone, in branch or by post and then operated in the same way except online. An initial investment of at least £10,000 is required.

Neither additions nor early access to funds are allowed, so savers must ensure that they are happy with their initial deposit and the length of the term.

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Offshore bonds merit an ‘excellent’ rating 06th June 2016

Santander has amended the rates paid on its offshore fixed rate bonds by up to 0.15%, and has also introduced competitive options exclusively for residents of the Channel Islands and Isle of Man.

The basics… 1 Year Fixed Rate Bond IOM now pays attractive tiered rates of up to 1.20% yearly until 1.7.17, depending on the amount invested: 0.95% is paid on an investment of £500, which rises to 1.10% and 1.20% at £75,000 and £1 million. Meanwhile, its two-year counterpart pays 1.15% on an investment of £500, which rises to 1.25% and 1.40% at £75,000 and £1 million respectively. As a result, both continue to sit comfortably in the charts.

The new 1 Year Island Bond pays 1.09% yearly until 1.7.17 for an investment of £500, and 1.14% and 1.19% for higher investments of £75,000 and £1 million. Its two-year counterpart pays 1.20%, 1.30% and 1.40% respectively until 2.7.18.

Monthly interest options are also available for all accounts paying slightly reduced rates.

The finer details… All of these bonds can be opened in branch or by post and then operated in the same way as well as by phone. To be eligible for the Island Bonds, you must be a resident of either the Isle of Man or the Channel Islands.

All accounts require a minimum investment of £500, although higher deposits are needed to achieve the higher rates of interest. None will accept additions or withdrawals, so savers must ensure that they are happy with their initial deposit and are comfortable locking their money away.

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Offshore savings accounts secure chart positions 27th January 2016

Skipton International has launched a new range of offshore savings accounts onto the market, all of which have secured coveted positions in the Moneyfacts charts.

The basics…The no notice International Saver Reserve pays a variable rate of 0.75% yearly or monthly, allowing it to sit just behind the market leader in its sector. Meanwhile, International Saver 80 is an 80-day notice account that pays a variable rate of 1.25% yearly (1.24% monthly), while its 40-day notice counterpart (International Saver 40) pays 1.00% yearly/monthly.

The finer details…All accounts can be opened in branch or by post and can then be managed in the same way as well as by phone. A minimum deposit of £10,000 will be required for each.

The no notice account permits withdrawals and further additions at will. The notice accounts also allow unlimited further additions as well as penalty-free withdrawals, however early access won't be possible, so savers will have to abide by the respective notice periods.

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3-yr offshore bond is a market-leader 08th September 2015

Skipton International Ltd has increased the rate paid on its three-year fixed offshore bond by 0.25%, catapulting it into a market-leading position in the Moneyfacts charts.

The basics… The three-year version of Fixed Rate Bond now pays 2.25% yearly (2.23% monthly), a market-leading rate in its sector.

The finer details… This bond can be opened in branch and by post and then operated in the same way as well as by phone. A minimum investment of £10,000 is required.

Further additions are not welcome once the account has been opened and it is not possible to withdraw funds prior to maturity. Savers must therefore be happy to lock their money away for the full term.

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Offshore bond storms into the charts 11th August 2015

Skipton International has launched a new issue of its popular 18-month bond that pays a market-leading rate for its sector, giving offshore investors a highly competitive deal.

The basics… The 18-month version of Fixed Rate Bond pays 1.75% yearly to 15.2.17, the top rate for its term, seeing it secure a comfortable position in the Moneyfacts charts.

The finer details… The account can be opened by post or in branch before being managed in the same way, as well as by phone. It requires a minimum investment of £10,000, however savers should note that further additions and withdrawals won't be permitted, so they'll need to be certain that they can commit the required level of funds from the outset.

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Fixed rate offshore bonds take the top spot 31st July 2015

Nationwide International has increased selected fixed rate bonds by up to 0.20%, catapulting three of its deals into market-leading positions.

The basics… 6 Month Fixed Rate Bond Issue 13 now pays a market-leading rate of 1.55% on maturity (1.50% monthly), while its one and three-year counterparts (both Issue 10) pay yearly rates of 1.65% (1.60% monthly) and 2.05% (2.00% monthly) respectively, both top rates for their terms.

The finer details… These accounts can be opened in branch, by post and online and then managed in the same way as well as by phone. An initial investment of at least £5,000 is required.

As is common in the fixed market, no further additions or early access to funds are permitted. Savers must therefore be comfortable with their initial deposit and the length of their chosen term.

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Offshore bonds stay in the charts 05th June 2015

Skipton International Ltd has reduced the rates of two of its fixed offshore bonds, but despite this, neither have lost their places on the Moneyfacts charts.

The basics… The three-year Fixed Rate Bond now pays a fixed rate of 2.00% yearly (1.98% monthly) until 31.8.18, keeping its title of market-leader of its sector. Meanwhile, 18 Month International Bond pays a new rate of 1.75% yearly (1.74% monthly), which enables it to retain its place on the charts.

The finer details… Both accounts can be opened in branch or by post, and then operated in the same way as well as by phone. An initial investment of at least £10,000 is required.

Like many fixed rate deals, neither further additions nor early access to funds is permitted, so savers have to be happy with their investment and the length of their chosen term from the beginning.

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18-month offshore bond enters charts 16th March 2015

Permanent Bank International has launched two new offshore bonds, one of which has stolen a coveted place in the Moneyfacts charts for its attractive rate and terms.

The basics…. The 18-month Limited Edition Fixed Term Sterling Deposit (Issue 6) pays 1.70% (1.69% APR) on maturity, allowing it to sit comfortably among the top 10 of its sector. Meanwhile, the 15-month variant pays 1.60% on maturity.

The finer details… These accounts can be opened and operated in branch, by phone and online with an initial deposit of at least £20,000.

As with many fixed rate products, neither account allows further additions or early access to funds. Offshore savers must therefore be comfortable with the size of their investment and the length of their chosen term.

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Competitive offshore saving with Permanent Bank 14th July 2014

Permanent Bank International has launched a new issue of its popular 15 month offshore bond, which easily holds its own in the Moneyfacts charts.

The basics…

Limited Edition Fixed Term Sterling Deposit (Issue 4) pays 1.85% on maturity after 15 months, from a minimum investment of £20,000. The account can be operated by phone or in branch.

The finer details…

As is common in the short term bond market, there's no flexibility for early access or additions so investors will need to be comfortable locking their money away for the full term.

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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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