Sterling Fixed Rate Account
Having a fixed rate account, means knowing exactly how much you will earn on your offshore savings account. You have the comfort of internet and offshore telephone banking so you can check on your savings whenever you want.
The details:
- Minimum opening balance of £10,000
- Maximum balance of £5 million
- Choose how long you want to fix your money, from six months to three years
- Have the option of annual interest or monthly (at a slightly lower rate). Take a look at the interest rate table below for the options and interest rates.
- Internet banking enabling you to view and access your savings account 24/7, subject to account conditions.
- Offshore Telephone banking means you can speak to dedicated offshore banking advisors if you want
- Easy account opening process – by telephone on +44 (0)1534 848 500.
- Fund your account with a single initial deposit. If you want to invest more funds, simply open additional accounts. (Different fixed rates may apply.)
- No additional deposits or withdrawals are permitted during the term. Closure is permitted after 6 months on payment of an early withdrawal charge.
Private Bank 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 |
Private Bank 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% |
Private Bank 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% |
Open an account. Contact your Relationship Manager
Contact a relationship manager on +44 (0) 1534 848 500
alternatively e-mail ipb@bankofscotlandint.com
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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.