Scarborough Channel Islands has launched a range of savings bonds, fixed for either six months, one or two years.
Interest rates for the new products from Scarborough Building Society’s Guernsey-based offshore subsidiary are:
- Six month fixed interest bond – 6.1% (5.9% monthly)
- One year fixed interest bond - 6.35% (6.15% monthly)
- Two year fixed interest bond - 6.4% (6.2% monthly)
The minimum opening balance is £5,000, and the maximum deposit is £1m. No withdrawals or deposits are allowed after opening.
Two global vehicles
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