Halifax International recently announced the launch of its new web-based savings account aimed at expatriates, which pays fixed rates of interest for up to three years.
A key feature of Halifax International's new Fixed Rate Web Saver is a choice of terms, including 6 months, one year, two years and three years.
The account pays a fixed rate of 6.76% gross per annum for six month or 1 year terms, and gross annual interest of 5.4% and 5.35% per annum for the two and three year terms respectively.
Interest is paid on maturity for the six month and one year term, while interest is paid annually for the two and three year term account.
The account, which is available in sterling, has a minimum balance requirement of GBP1,000, and allows a maximum balance of GBP1mn.
Commenting on the new account, James Gairdner, Head of Offshore Banking with Halifax International, stated that:
"The Fixed Rate Halifax International Web Saver offers the certainty of a competitive fixed rate, protecting against changes in interest rates and ensuring that customers know exactly what they'll earn."
Halifax International also offers a Regular Saver Account in Sterling and a Variable Web Saver in Sterling, Euros or Dollars.
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