Skipton International adds US Dollar Savings Accounts

Skipton International, the Guernsey-licensed bank, 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.

Skipton International, the Guernsey-licensed bank, 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 has received many enquiries from those wishing to diversify their savings portfolios and, upon receiving feedback, feel that US Dollar accounts are a good offering.

The details are (Rates as at 24 October 2022):

Personal USD Access - 2.75%

Personal USD 40 Day Notice - 3.00%

Personal USD 120 Day Notice - 3.25%

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, 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, and we've successfully managed to achieve that." he said.

“However, we realise that the same exciting product could be offered to individuals too, and I am delighted that Skipton has added this new U.S. Dollar product range. It gives individuals something new at a time when many are looking to rebalance their portfolios.

Anyone wishing to find out more can visit: https://www.skiptoninternational.com/offshore-savings-accounts/us-dollar/