Offshore Euro Base Rate Tracker Account
Get the best of both worlds in an offshore savings account with an interest-rate tracker and access to your money. The interest on this Euro Base Rate Tracker Account tracks the European base rate. Unlike many other banks, when the European Central Bank changes its base rate, the interest rate on your Euro Base Rate Tracker Account changes on the same day giving you:
- Peace of mind – getting the best deal whilst still getting access to your money.
- Comfort – the free withdrawals gives you the comfort blanket you need.
- Simplicity - If the base rate changes you get the rate from the day it changes
The details:
- Minimum opening balance of EUR35,000†
- Know when interest will be paid with the security that it will follow the European Central Bank Minimum Lending rate: calculate your interest
- Clear, transparent interest rates and fees. This Base Rate Tracker currently benefits from an introductory offer# which pays 0.25% above the base rate for the first year.
- The four free withdrawals per year, without notice or loss of interest, means you can get access to your cash should you need to. If you need additional access to your money, you will lose an amount equal to 30 days interest on the amount you withdraw (closing the account is classed as a withdrawal).
- Unlimited foreign exchange withdrawals without loss of interest.
- Internet banking enabling access to your online savings account 24/7
- A more human service - telephone banking means you can speak to dedicated offshore banking advisors if you want
- Easy account opening process – by telephone on +44 (0)1534 825 085.
- Personal customers only.
Euro Base Rate Tracker Account
Effective from 13th of May 2009
| Minimum balance | Annual gross*/AER** |
|---|---|
| €35,000 | 1.25% |
Next steps - Apply for an account today, it's easy and straight forward
Call us on +44 (0)1534 825 085
Or we can call you back
**AER - the AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year.
*Gross - the rate of interest paid without deduction of tax. Please note that you must declare any interest earned to the income tax authorities in your country of residence.
†You cannot use funds taken from another you hold with either Bank of Scotland International Limited or the Jersey or Isle of Man branches of Bank of Scotland.
#Outside the introductory offer, the Base Rate Tracker pays a rate of interest that tracks and is the same as the relavant base rate until the first anniversary of the account opening.
After the second year, variable interest rates will be determined by the bank. Variable interest paid annually. Account must be opened and funded before the special offer ends. Special offer can be withdrawn at any time.
