Offshore Banking Online

Derbyshire develops new e-mail service

The Derbyshire (Isle of Man) is launching a system that will enable offshore customers to run their bank accounts by e-mail. The service will allow users to e-mail their account-operating instructions as well as faxing, phoning or writing them. John Beswarick, director of the Derbyshire (Isle of Man) Ltd, said: “We understand that, with many of our customers living away from the UK, communications are very important. “Our secure e-mail service gives our customers a very safe way of contacting us with account instructions.”

Offshore Banking Online - Alliance Leicester

Alliance & Leicester International has launched an instant-access account that guarantees returns above the base rate.The International Base Rate Tracker Account offers returns of 0.25 per cent above the Bank of England Base Rate until the end of the year and five penalty-free withdrawals during any 12-month period. The minimum investment is £5,000 and the account can be operated in person by telephone, fax or post, or in person at the Isle of Man HQ.

Due to the prevailing interest-rate environment, a number of offshore banks and building societies are changing their interest rates frequently.
For example, in March alone 23 out of 44 offshore providers had announced changes to their interest rates.This means that both advertised and listed rates may have changed by the time you read this magazine. However, these figures still provide a useful insight into which banks are providing the most competitive interest rates.

Offshore Banking Online & The Source Data

The source data for this information was provided by information company Moneyfacts and was compiled on 29 March 2001

Last Updated on Monday, 29 December 2008 16:55

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