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Rate Increase For Offshore Bank

by Carla Johnson, Investors Offshore.com, London

03 September 2007

Bank of Scotland International, based in Jersey and the Isle of Man, has increased the interest rate on its Halifax International Guaranteed Reserve Account, with immediate effect, to a maximum of 6.61%.

The six-month Term Account now offers 6.61% AER for amounts from GBP10,000 - 49,999, and 6.50% AER for amounts over that.

The one year Term Account now offers 6.55% AER for amounts from GBP10,000 - 49,999, and 6.50% AER for amounts over that.

The two or three year Term Account now offers 6.50% on balances over GBP10,000.

Interest is paid monthly or upon the annual anniversary of the one, two and three year term account. For the six month term interest is paid on maturity. The interest payment is credited to an account nominated by the customer at the outset.

Bank of Scotland International offers a comprehensive range of banking and savings solutions worldwide from its offices in Jersey and the 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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