BOS Launches New Offshore Account

by Carla Johnson, Investors Offshore, London

15 November 2006

Bank of Scotland International has launched a new offshore savings account which offers a monthly income facility. The account also has a tiered interest structure with a top rate of 5.35%.

The Halifax International Extra Income Saver has a minimum opening balance of GBP25,000 and a maximum investment balance of GBP1m. 90 days notice is required for withdrawals but up to GBP5,000 can be withdrawn each calendar month, without notice or lost interest. The monthly interest payment will be credited to an account nominated by the customer on a day elected by the customer.

Tony Wilcox, Managing Director at Bank of Scotland International, says: "The Halifax International Extra Income Saver has enabled us to enhance our saving portfolio for offshore savers seeking an attractive rate and a regular monthly supplementary income.

"The account not only provides the added security of having easy access to savings, but it also has the flexibility to add additional deposits to it."

Bank of Scotland International offers a comprehensive range of banking and savings solutions worldwide from its offices in Jersey and Isle of Man. Bank of Scotland International provides financial support to expatriates, international clients and the UK, Isle of Man and Channel Island communities. As part of the HBOS group, Bank of Scotland International enjoys a Standard & Poor’s long-term AA credit rating and Moody’s Aa2 long-term credit rating.

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