Tag: Channel Islands
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Offshore Financial Services in the Channel Islands
Understanding the Appeal for Investors In the waters of the English Channel off the French coast of Normandy lie the Channel Islands, a group of British Crown Dependencies that have become renowned for their sophisticated offshore financial services. The two primary jurisdictions, Jersey and Guernsey, are well-known tax havens, offering a range of financial services…
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Her Majesty’s Overview of the Offshore Investment Market
Despite the term ‘offshore investment’ being widely used in policy and political discourse to describe the investment of capital outside an investor’s jurisdiction of residence, representatives of banks were keen to point out that it is a very broad term open to different interpretations. Indeed, during many of the qualitative interviews conducted with representatives of…
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Skipton International is investing for the future
Skipton International is to implement a new banking service and replace its core banking system for offshore savings customers. [box type=”tick” size=”large” style=”rounded” border=”full”]The new secure online portal, planned to launch in late 2017, will allow customers around the world to access their savings accounts 24 hours a day. This will be in addition to…
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Market leading offshore savings accounts
Skipton International launch new market leading offshore savings accounts Skipton International (Skipton) has today launched new Individual and corporate savings accounts with some of the most competitive rates of interest in the market. The International Saver 200 offers 1.30% gross AER (Annual Interest Rate) on balances between £10,000 to £5 million. Annual interest will be…
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Offshore Savings Account
Skipton International, as of Friday 17 June, launched a new 1-year fixed product (offshore savings account) with one of the most competitive rates in the offshore market. The new bond which matures 30 June 2017, offers an interest rate of 1.40% AER and is open to new and existing customers. Managing Director Jim Coupe said,…
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Best Offshore Account
Skipton International won the Best Offshore Account provider category at the 2016 Moneyfacts Awards this week. This is the 3rd time Skipton International has won a Moneyfacts Award – one of the most prestigious awards in the finance industry. The Moneyfacts Awards involve an independent assessment of personal finance products with input from IFAs. [box type=”note”]Skipton…
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Skipton International an Offshore Bank for Expats
Skipton International reached £1.075 billion of deposits at the end of 2015 – a level that would be equivalent to the 12th largest building society in the UK. With savings customers in over 100 countries around the world, the Channel Island-registered bank has grown its deposits steadily since 2009 when it formed through the amalgamation…
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Demand for Skipton International’s Expat mortgages increases
In a little over one year demand for the bank’s British expat buy-to-let offering has eclipsed that for its established mortgage lending in Jersey and Guernsey. Managing Director of Skipton International, Jim Coupe said: ‘We have been servicing expats with their savings needs for years and knew there would be a demand for buy-to-let mortgages…
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Jersey as a Financial Jurisdiction
The largest of the British Channel Islands, Jersey has been at the forefront of the financial services regulation for over 20 years and is one of the World’s leading International Financial Centres (IFC). As a jurisdiction, the Island is recognized for its strong tradition of corporate governance and its robust regulatory regime. Jersey has a…