Skipton, with its headquarters in Guernsey and Mortgage Centre in Jersey, has launched a series of US Dollar Savings Accounts to its stable of Sterling accounts.
New accounts have been developed for both individuals and corporate clients. The bank says that they have received enquiries from those wishing to diversify their savings portfolios and, upon receiving feedback, feel that US Dollar accounts are a good offering.
The accounts are:
- Personal USD Access 2.75% $1m
- Personal USD 40 Day Notice 3.00% $5m
- Personal USD 120 Day Notice 3.25% $5m
No interest will accrue on balances that drop below US$10,000. The minimum opening amount is US$50,000 for new customers, or US$25,000 for existing Skipton customers.
Nigel Pascoe (pictured), Business Development Director at Skipton International, says the Dollar accounts were initially a response to demand from the company’s corporate clients. “We initially wanted our corporate clients to have a U.S. Dollar account option that was both rewarding and headache-free. We’ve successfully managed to achieve that.”