Aidan Doherty, Managing Director of Kaupthing Singer & Friedlander in the Isle of Man, said: ‘For Business Moneyfacts to award a 5-star rating is rare, so obviously we are delighted to have received this fantastic recognition. We have been awarded 4-star ratings in the past for other products, so to achieve the 5-star recognition is a tremendous achievement by everyone involved with the Platinum Offshore Access Account.’

The Platinum Offshore Access account was launched earlier this month. It is an instant access version of the Bank’s award-winning Platinum Offshore range of accounts. Interest rates available are as high as 6.55% for Sterling deposits, and the Platinum Notice is also available in US Dollars and Euros. The offer is open to all and there is a minimum deposit of GBP10,000, or currency equivalent.

Kaupthing Singer & Friedlander has been operating in the Isle of Man for 36 years and currently has over GBP1bn of assets under management in the Isle of Man.

Kaupthing Bank is a northern European bank offering integrated financial services to companies, institutional investors and individuals. These services include corporate banking, investment banking, capital markets services, asset management and comprehensive wealth management for private banking clients. The Bank operates in eleven countries, including all the Nordic countries, Luxembourg, Switzerland, the UK, the US and the Isle of Man. In addition the Bank operates a retail franchise in Iceland, where it is headquartered.

Kaupthing Bank is currently among the seven largest banks in the Nordic region in terms of market capitalization.