Singer & Friedlander (Isle of Man) has added a new 180-day notice period to its Sterling Offshore Ba...
Singer & Friedlander (Isle of Man) has added a new 180-day notice period to its Sterling Offshore Base Rate Tracker Account and has increased rates by 0.25% across all of its notice products.
The Offshore Base Rate Tracker Account is linked to Bank of England base rate, and in this way clients can receive an interest rate equal to, or great than, the official base rate.
A minimum deposit of £25,000 is required and clients can choose a notice period of either 32, 60, 90 or 180 days. Interest is paid monthly.
Aidan Doherty, managing director at Singer & Friedlander, said: "The addition of the new 180-day term adds depth to the product, allowing clients to invest for a longer period of time; to gain maximum advantage on longer-term interest rates; and to increase their monthly income."
Singer & Friedlander has also launched a new Platinum Offshore Notice Account that offers an interest rate that is up to 0.35% higher than the Bank of England base rate.
Similarly, clients can choose from either a 32, 60, 90 or 180-day notice period. For example, the interest rate for the 180-day notice accounted is 5.1% and for a 32-day notice period is 4.8%. The minimum investment is £25,000.
Doherty said: "In this current economic climate, with interest rates climbing, we regularly review our product range to ensure we are delivering quality investment products that generate attractive returns for our clients.
"Our Platinum Offshore Notice Account is geared towards the depositor who is looking to take advantage of receiving annual interest in a rising market. Account holders will have the assurance that the interest rate payable will move with Bank of England base rate."
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