Guernsey-based Skipton International has kicked off the new year by launching a 180 day sterling notice account. Advisers' clients will need to make a minimum deposit of £10,000 to open an account.
Called the International Select 180, the account divides into two tiers on the variable rates term offered. Balances from the minimum sum of £10,000 to £99,000 earn 2.50% gross/AER, while accounts over the £100,000 threshold gain the top rate offered which at launch is 2.75% gross/AER.
Annual interest is paid out each 5 July and monthly income options are also available and paid on the 5th of each month. Interest an be capitalised to the account or paid away to a chosen account in the holder’s name.
Other terms and conditions of this new launch include withdrawals for sums of £1,000 or more are only permitted after 180 days’ notice has been given, and along with the minimum balance set at £10,000 there’s a maximum investment sum which is £5 million.
Other Skipton International sterling denominated accounts offered to private investors include instant access; and several notice accounts covering 40 day term, 90 day and 120 day term. Skipton Building Society is the fourth largest in the UK with over £14bn assets.
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