Scarborough Channel Islands Accounts

Please click here to view a PDF containing details of our current range.

Limited Issue Accounts

Lifestyle Fifty-Plus

An easy access account, available exclusively to investors aged 50+, paying up to 6.20% gross p.a.*/ 5.90% AER Variable

Notice Accounts

Lifestyle Notice 28

A notice account, paying up to 6.50% gross p.a.*/AER Variable

  • Variable rate of interest
  • Choose to have interest paid annually on 1 January, 30 April, or monthly†
  • 28 days withdrawal notice required
  • Deferred interest option
  • Minimum withdrawal of £1,000 per withdrawal
  • There are no minimum levels for deposits
  • View more Lifestyle Notice 28 details

Fixed Rate Accounts

6 Month Rollover Bond (Issue 3)

A guaranteed six month fixed rate bond paying up to 6.20% gross p.a.*/AER fixed

  • Higher balances rewarded
  • Limited edition
  • Six month term
  • For personal and professional investors
  • One withdrawal up to 25% of balance without notice or loss of interest
  • Easy access for 14 days at maturity
  • Matured funds automatically re-invested for your convenience
  • Minimum investment £5,000
  • Personal friendly service
  • 90 days loss of gross interest on closure prior to maturity
  • View more 6 Month Rollover Bond details

1 Year Guaranteed Bond (Issue 2)

A guaranteed one year fixed rate bond paying up to 6.50% gross p.a.*/AER fixed

  • Higher balances rewarded
  • Limited edition
  • One year term
  • One withdrawal of up to 25% without notice or loss of interest
  • Choose to have interest paid monthly or on maturity of the bond
  • The bond must be held until maturity
  • View more 1 Year Guaranteed Bond details

Easy Access Accounts

Lifestyle Reserve

An easy access account paying up to 6.15% gross p.a.*/AER variable

  • Tiered variable rate of interest
  • Choose to have interest paid annually on 1 January, 30 April, or monthly†
  • Deferred interest option
  • Easy access - up to 4 withdrawals per financial year (1 May to 30 April)
  • Minimum withdrawal of £1,000 per withdrawal.
  • View more Lifestyle Reserve details

Offshore Access

An easy access account paying up to 3.55% gross p.a.*/AER variable

  • Variable rate of interest
  • Choose to have interest paid annually on 1 January, 30 April, or monthly†
  • Easy access
  • No minimum levels for deposits or withdrawals.
  • View more Offshore Access details

 

* Interest is paid gross. The gross rate is the contractual rate of interest payable before the payment of income tax. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. Where interest is paid monthly, the AER is the rate which would be achieved if the interest was added to the account each month.

It is your responsibility to advise the appropriate tax authorities of any interest received. All rates are variable except the Fixed Interest Bonds. If no interest payment date is given on the application form, interest will be paid on 1 January.

† Monthly interest paid on the first working day of the following month. Compounded or transferred monthly interest will be credited on the last day of the current month. Monthly interest can be compounded into the account (except the fixed interest bonds) or paid to your UK or Channel Islands bank account or another Scarborough Channel Islands account.

  • Scarborough Channel Islands Limited is licensed under the Banking Supervision (Bailiwick of Guernsey) Law, 1994 as amended.
  • Scarborough Channel Islands Limited Registered office is Suite 5 North, Town Mills, Rue du Pre, St Peter Port, Guernsey, Channel Islands, GY1 3TR. Registered in Guernsey No. 25871.
  • Scarborough Channel Islands Limited is a wholly owned subsidiary of Scarborough Building Society, which is authorised and regulated by the Financial Services Authority (Register Number 206062).