Best Offshore Bank Accounts
Portman Channel Islands has added new top-paying tiers to both
its Gold Plus and Instant Six saving accounts. Portman Building
Society’s offshore banking subsidiary has raised the gross
interest level tier on the Instant Six Account to 6.50 per cent
for a gross balance of £200,000.
The Gold Plus Account, which requires 90 day notice, matches the
£200,000 tier, but pays out at 6.55 per cent gross. Interest
can be paid annually or monthly, with the monthly option offered
at 6.30 per cent.
Best Offshore Bank Accounts & Interest
Minimum deposits of £5,000 receive 5.25 per cent interest on
both the Instant Six and the Gold Plus monthly accounts. Nationwide
International has launched a no-notice savings account with a condensed
tiered rate of interest, denominated in dollars.The new deposit account
offers gross interest from 6 per cent on a minimum opening balance
of US$1,000. Deposits can be made by CHAPS and SWIFT telegraphic transfers.
Following the launch of its Euro Savings account, spokeswoman Jackie
Clucas said: “The selling point is that we’ve gone out
with a competitive rate on lower level balances. The top tier receives
6.25 on a US$250,000 balance.”
Best Offshore Bank Accounts Regarding Applications
Applications can be made over the new website, www.nationwideinternational.com.From
December 1, Nationwide has reduced savings rates across six of its
deposit accounts. All monthly interest accounts have received interest
drops, varying between 0.04 and 0.17 per cent.
Best Offshore Bank Accounts & The Northern Rock Group
The Guernsey-based Northern Rock Group has set up an offshore
savings subsidiary in the Bahamas, launching with a range of variable
rate savings accounts.
Offered in euro, US dollars and sterling denominations, the
accounts are available to both personal and corporate clients.
Key points include no-notice penalty free withdrawals, with
gross rates for dollar savers of 6.50 per cent, sterling at
6.00 and euro at 4.75 per cent.
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