Derbyshire Offshore Conducts Poll On Saving Habits

by Philip Morton, Investors Offshore.com

06 February 2007

A recent poll conducted on the Derbyshire Offshore website has shown that Derbyshire Offshore customers prefer to save rather than spend their hard earned money.

Customers were asked this question over Christmas and into the New Year period, traditionally an expensive time for many.

When asked whether they were ‘savers or spenders’ only 14% of the Derbyshire Offshore website poll respondents wanted to spend their cash, with the rest stashing away their savings in anticipation of a rainy day, or perhaps with an eye to retirement, or a special purchase.

Fiona Passey, Director of Offshore Banking at Derbyshire Offshore observed that:

“We have always known that our customers are sophisticated savers who like to take advantage of accounts such as our Base Rate Tracker account or our best buy fixed rate Manx Bonds with monthly income option. However, now they have even more reasons to save with new rates introduced on our popular 10 Day Saver account and new Income 60 Tracker account from February 2007.”

Derbyshire Offshore also this month unveiled new fixed rate Manx Bonds.

The new 1 year Manx Bond currently offers an annual interest option of up to 6.00% gross/AER, with its flexible monthly interest option paying a monthly gross interest of 5.84%, giving a gross annual equivalent rate of 6.00%.

The 3 year fixed rate Manx Bond is paying 5.85% gross/AER, with the 4 year Manx Bond paying 5.80% gross/AER and the 5 year Manx Bond paying 5.75% gross/AER, according to Derbyshire Offshore.

However, it added that these competitive Manx Bond rates are only available until 28 February 2007 and are limited issue products. Applications may be refused if they are fully subscribed.

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