Michael Chaytor, Head of Retail Sales and Service, Bank of Scotland International comments, “With our US Dollar Capital Guaranteed Savings Bond Issue 15 clients will always get more than their capital back. This is because half their capital is invested for one year at an attractive fixed rate of 8%. What’s more, our new US Dollar Capital Guaranteed Savings Bond Issue 15 offers investors more choice as well as security. Income potential on half of the capital in the account is achieved from tracking the average increase of a range of selected stock market indices covering markets from the Far East, Europe and the UK.”

50% of the customer’s capital is invested for one year at a fixed rate of 8%, maturing on 22 December 2006. The other 50% is invested for five years, tracking the FTSE 100 Index, Swiss Market Index 30, Dow Jones Euro STOXX 50 and the Nikkei 225. This matures on 22 December 2010. The minimum opening balance required is $20,000.

Michael Chaytor adds, “Investors will benefit from 65% of the average rate of increase of the four indices over the five year period. By following the four indices, we are aiming to increase the potential for higher returns.”

The closing date for applications is 16 December 2005, with the Bond starting on 22 December 2005. However, Bank of Scotland International is encouraging early investors to open an account before the start of the Bond by offering a 3.75% gross/AER on the full investment until the start of the Bond on 22 December 2005. Michael Chaytor adds, “For the US dollar investor wondering which way the market may move following the recent rises in interest rates, this bond may offer a low risk alternative to direct stock market holdings.”

Bank of Scotland International is the registered business name for The Governor and Company of the Bank of Scotland and Bank of Scotland International Limited, licensed by the Jersey Financial Services Commission and the Isle of Man Financial Supervision Commission to conduct banking and investment business.

Bank of Scotland International Limited is incorporated in Jersey, Company Number 84643, with its registered office at Halifax House, 31-33 New Street, St Helier, Jersey, Channel Islands.

Bank of Scotland International offers a comprehensive range of banking and savings solutions worldwide from its offices in Jersey, Isle of Man and Hong Kong. Bank of Scotland International provides financial support to expatriates, international clients and the UK, Isle of Man and Channel Island communities, ranging from the simplest savings account to the most sophisticated trust and company structures.