Sterling Offshore Instant Access Savings Account - PRODUCT WITHDRAWN FOR NEW SALES FROM 1ST JANUARY 2010
If you’re looking for a simple, straightforward solution for your everyday savings, this account was created for you. You’ll enjoy
- Comfort of knowing that you can access your money whenever you want.
- Stress free savings – no fuss, no calculations, everyday offshore savings as it should be.
- Savings at your convenience – 24 hour banking lets customers talk to knowledgeable staff when they want. Alternatively, access your account online when it suits you.
The details:
- Minimum opening balance of £5,000 – you don't need a big balance to get a good return on your offshore savings.
- Flexibility – easy access with no notice, so you can have your money when you want it, without having to think about it.
- Clear, transparent, tiered, variable interest rates - the more you save the more you earn on your offshore savings account. Use our calculator to find out how much you’ll earn.
- Banking when it suits you – with internet banking your bank is always open no matter where you are. You can view your online savings account when it suits you. 24hrs a day, 7 days a week.
- A more human service - telephone banking means you can speak to dedicated offshore banking advisors 24 hours a day.
- Easy account opening process – by telephone on +44 (0)1534 825 085.
- Personal customers only.
Instant Access Savings Account
Effective from 5th March 2009
| Minimum balance | AER** | Annual rate gross* p.a. | Monthly rate gross* p.a. |
|---|---|---|---|
| £500,000 | 0.10% | 0.10% | 0.10% |
| £5,000 | 0.05% | 0.05% | 0.05% |
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In order to comply with Australian financial services regulations, we are no longer able to accept applications for this offshore banking account from Australian residents.
**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.
Interest rates on the Instant Access Savings Account are variable.
Interest rate 0.25% AER/gross p.a. on balances under £5,000 on the Instant Access Savings Account .
