Offshore savings Date:
Permanent Bank International has issued an attractive new variable notice account paying two different rates of return dependent on the amounts invested.
An annual rate of 1.50% is paid for deposits between £25,000 and £1 million, whilst those with investments between £10,000 and £24,999 will receive 1.25%.
Savers must give 90 days' advance notice prior to accessing funds. Early access is allowed, although this is subject to a 90 days' loss of interest penalty.
The account can be operated in branch or by post.
This competitive offshore savings account should appeal to savers with larger investments who do not require immediate access to their funds. Four out of five Moneyfacts Stars have been awarded.
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