Bank Of Scotland Hikes Offshore Interest Rates

by Carla Johnson, Investors Offshore, London

12 January 2007

Bank of Scotland International, based in the Isle of Man and Jersey, has increased the interest rate on its Fixed Rate Account for two, three, four and five year terms, with effect from this week.

The rate for a 2-year deposit is now 5.70%, for a 3-year deposit 5.75%, for a 4-year deposit 5.80% and for a 5-year deposit 5.85%. The minimum balance for the Fixed Rate Account is GBP3,000.

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, ranging from the simplest savings account in different currencies to longer term investment. The Bank also offers a specialist offshore mortgage service and an independent financial planning service.

Bank of Scotland International is part of HBOS group, which enjoys a Standard & Poor’s long-term AA credit rating and Moody’s Aa2 long-term credit rating.

Recommended