Royal Skandia, Axa Isle of Man and Clerical Medical International have included the Base Rate Tracke...
Royal Skandia, Axa Isle of Man and Clerical Medical International have included the Base Rate Tracker account from the Derbyshire (Isle of Man) within their collective redemption bonds.
The Base Rate Tracker, launched five years ago, follows the Bank of England's base rate and currently pays 4.50%. Fiona Passey, director of offshore banking at the Derbyshire, said it has been a Moneyfacts Best Buy since May 2004.
Others on the Moneyfacts Best Buy table for offshore no notice accounts during October were Abbey International Instant Access Savings, Portman Channel Islands International Access, Nationwide International Base Rate Tracker, Northern Rock (Guernsey) Offshore Tracker Online and Anglo Irish Bank Isle of Man Privilege Access. Passey said the Derbyshire Base Rate Tracker tracks the UK base rate within a defined margin of 0.25%.
She added customers can access the account 24 hours a day through its email system.
Minimum balance: £5,000
Maximum balance: £2m
No penalty on withdrawals.
Putting the tech into protection
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Launching later in 2019
£80bn funds under calculation