Bank Of Scotland Raises Interest Rates

by Carla Johnson, Investors Offshore, London

25 January 2007

Bank of Scotland International has increased the interest rates on its Halifax International Extra Income Saver, Instant Access Savings Account and Fixed Rate Account, with effect from yesterday.

Gross/AER rates now range up to 5.55% for deposits over GBP250,000. 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and a maximum investment balance of GBP1m. 90 days notice is required for withdrawals but up to GBP5,000 can be withdrawn each calendar month, without notice or lost interest.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.

Bank of Scotland International has also increased the interest rate on its Instant Access Savings Account to 4.90% Gross/AER and introduced a new tier for customers with balances over GBP500,000 at 5.00% Gross/AER.

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.

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