Sterling Offshore Monthly Income Account
Count on a regular income on your offshore savings account; and, unlike some other banks, we give you the option to choose which day it will be paid. You’ll also enjoy the flexibility of a monthly withdrawal on your account should you need to access your capital unexpectedly. With Bank of Scotland International you have the security of saving with a bank you can trust.
The details:
- Minimum opening balance of £25,000.
- Choose when your interest is paid and into which account+ - note interest cannot be added to this Monthly Income account.
- Know when you'll earn interest on your savings. Use our calculator to see how much interest you could earn.
- Clear, transparent interest rates and fees
- Tiered and variable rates to maximise your savings.
- Option to make a single withdrawal of up to £5,000 each calendar month without notice or loss of interest. Additional withdrawals require 90 days notice, or you will lose an amount of equal to 90 days interest on the amount you withdraw.
- 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.
Monthly Income Account
Effective from 5th March 2009
| Minimum balance | Monthly rate gross* p.a. | AER** |
|---|---|---|
| £250,000 | 0.85% | 0.85% |
| £150,000 | 0.65% | 0.65% |
| £100,000 | 0.55% | 0.55% |
| £50,000 | 0.50% | 0.50% |
| £25,000 | 0.45% | 0.45% |
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.
+Choose the date of the month the interest is paid when opening the account. The date chosen can not be changed once the account is open.
