Sterling Offshore Fixed Rate Account
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
- Minimum opening balance of £10,000 - you don't need a big balance to get a good return on your offshore savings. The maximum balance is £5 Million.
- Count on a fixed return of up to 3.00% AER/gross** on balances greater than £10,000 for 3 years.
- Choose how long you want to fix your money, from six months to three years
- Have the option of monthly or annual interest. Take a look at the interest rate table below for the options and interest rates.
- 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.
- Fund your account with a single initial deposit. If you want to add more funds, simply open additional accounts.
- No additional deposits or withdrawals are permitted during the term. Closure is permitted after 6 months on payment of an early withdrawal charge.
- Personal customers only.
Fixed Rate Account - 6 month term
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 |
Fixed Rate Account - 1 Year term
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% |
Fixed Rate Account - 2 and 3 Year term
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% |
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.
