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Best Offshore Bank Accounts


Best Offshore Bank Accounts

Portman Channel Islands has added new top-paying tiers to both its Gold Plus and Instant Six saving accounts. Portman Building Society’s offshore banking subsidiary has raised the gross interest level tier on the Instant Six Account to 6.50 per cent for a gross balance of £200,000.

The Gold Plus Account, which requires 90 day notice, matches the £200,000 tier, but pays out at 6.55 per cent gross. Interest can be paid annually or monthly, with the monthly option offered at 6.30 per cent.

Best Offshore Bank Accounts & Interest

Minimum deposits of £5,000 receive 5.25 per cent interest on both the Instant Six and the Gold Plus monthly accounts. Nationwide International has launched a no-notice savings account with a condensed tiered rate of interest, denominated in dollars.The new deposit account offers gross interest from 6 per cent on a minimum opening balance of US$1,000. Deposits can be made by CHAPS and SWIFT telegraphic transfers.

Following the launch of its Euro Savings account, spokeswoman Jackie Clucas said: “The selling point is that we’ve gone out with a competitive rate on lower level balances. The top tier receives 6.25 on a US$250,000 balance.”

Best Offshore Bank Accounts Regarding Applications

Applications can be made over the new website, www.nationwideinternational.com.From December 1, Nationwide has reduced savings rates across six of its deposit accounts. All monthly interest accounts have received interest drops, varying between 0.04 and 0.17 per cent.

Best Offshore Bank Accounts & The Northern Rock Group

The Guernsey-based Northern Rock Group has set up an offshore savings subsidiary in the Bahamas, launching with a range of variable rate savings accounts.

Offered in euro, US dollars and sterling denominations, the accounts are available to both personal and corporate clients.

Key points include no-notice penalty free withdrawals, with gross rates for dollar savers of 6.50 per cent, sterling at 6.00 and euro at 4.75 per cent.

 

   

 

 

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