If you like knowing exactly how much you will earn on your offshore savings account and when, this Sterling Fixed Rate Account is for you. You have the comfort of internet and telephone banking so you can check on your savings whenever you want.
The details
Effective 10th May 2010. Rates are for indication purposes only
| Minimum balance | AER** | Annual gross* p.a. | Monthly gross* p.a. |
|---|---|---|---|
| 6 months £10,000 | 1.35% | 1.35% | N/A |
| 6 months £5,000,000 | 0.85% | 0.85% | N/A |
Effective 12th July 2010. Rates are for indication purposes only
| Minimum balance | AER** | Annual gross* p.a. | Monthly gross* p.a. |
|---|---|---|---|
| 1 year £10,000 | 2.00% | 2.00% | 1.98% |
| 1 year £5,000,000 | 1.50% | 1.50% | 1.49% |
Effective 11th June 2010. Rates are for indication purposes only
| Minimum balance | AER** | Annual gross* p.a. | Monthly gross* p.a. |
|---|---|---|---|
| 2 years £10,000 | 2.25% | 2.25% | 2.23% |
| 2 years £5,000,000 | 1.75% | 1.75% | 1.74% |
| 3 years £10,000 | 3.00% | 3.00% | 2.96% |
| 3 years £5,000,000 | 2.50% | 2.50% | 2.47% |
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**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.