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Offshore Bank Raises Rates After UK Hike

by Carla Johnson, Investors Offshore, London

17 May 2007

Following last week's UK Bank Rate increase, offshore Bank of Scotland International has increased the interest rates on a range of its accounts, with immediate effect.

The sterling Halifax International Guaranteed Saver now offers 5.75% AER on amounts between GBP25,000 and GBP49,999.

The Halifax International Extra Income Saver offers rates scaling from 5.40% AER on amounts over GBP25,000 to 5.90% AER for amounts over GBP250,000.

The Flexible Plus Current Account offers 4.59% AER with a minimum balance of GBP5,000.

The Halifax International Guaranteed Reserve Account offers rates from 5.58% AER for 6-month deposits between GBP10,000 and GBP49,999 to 6.16% AER for 3-year deposits over GBP10,000.

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.

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