Britannia International is to launch the 21st issue of its 1 Year Fixed Rate Deposit Account, paying gross interest of up to 6.40%.
Available from Monday 2 June, the sterling offshore account has a minimum opening balance of £5,000 and a maximum of £1m. The account is available on a limited issue basis and will be withdrawn when fully subscribed. No additional deposits are allowed during the one-year term, and no withdrawals are permitted until the end. The 6.40% applies to interest paid on maturity; there is a monthly interest option available paying 6.20% gross (6.38% AER).
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