Bank of Ireland Offshore has unveiled a fixed rate account only available to new customers who are residents of the Channel Islands or the Isle of Man.
The Islander Select Fixed Account Issue 1 is a one year fixed rate account available in sterling, US dollars and euros and has the option of monthly interest. The current rate for the Account in sterling is 3.25% gross/AER or 3.2% if interest is taken monthly. US dollar and euro accounts reap 3% gross/AER in annual interest or 2.96% monthly. Minimum investment is £50,000 with a ceiling of £1m or the currency equivalent. The account has a breakage facility where withdrawals are permitted during the fixed-term, subject to minimum balance requirements. Each withdrawal will incur...
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