Closed issue - Offshore savings
Offshore savings
A place in the sun for your savings could do them a power of good.
Enjoy the security and convenience of a building society account plus all the advantages of investing offshore through our offshore unit in Gibraltar. View our full range of savings accounts available in Gibraltar.
Current rates
| Account balance | Gross* | Net** | AER*** | |
|---|---|---|---|---|
|
Current rates effective from 24/04/08. Tiered rates of interest - the more you save, the more you could earn. The interest rates that we pay on this account may go up and down from time to time. |
||||
| £100,000 and over | 3.35% | -% | 3.35% | Apply |
| £60,000 - £99,999 | 3.10% | -% | 3.10% | Apply |
| £30,000 - £59,999 | 2.85% | -% | 2.85% | Apply |
| £1,000 - £29,999 | 2.60% | -% | 2.60% | Apply |
Previous rates
| Account balance | Gross* | Net** | AER*** |
|---|---|---|---|
| Previous rates effective from 21/02/08. | |||
| £100,000 and over | 3.70% | -% | 3.70% |
| £60,000 - £99,999 | 3.45% | -% | 3.45% |
| £30,000 - £59,999 | 3.20% | -% | 3.20% |
| £1,000 - £29,999 | 2.95% | -% | 2.95% |
Definitions
* Interest will be paid gross (that is before the deduction of income tax) to non-taxpayers subject to eligibility and the required registration. Otherwise interest will be paid after deduction of income tax at the appropriate rate. Please note that gross interest can only be paid to customers aged 16 or over if they are the named account holder.
** Net rates (that is after the deduction of income tax) shown are for illustrative purposes only. The interest you earn on this account will currently be taxed at the rate of 20%.
*** AER means Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year.