New products for scarborough channel islands limited

Finally, the characteristic of SCIL's Lifestyle Fifty-Plus account, which is available exclusively to investors aged 50 and above, have been enhanced with the add-on of a deferred interest option - where involvement is capitalised when the client chooses to close the business relationship - thereby offering potentiality tax planning benefits.

SCIL Managing Director Tony Burdin said: ‘In the electric current financial clime, when many savers are look for a safe home for their cash, SCIL is offer a range of simple products that combine security, flexibleness and competitive rates.'

Tony continued: ‘SCIL is a wholly-owned subsidiary of a financially strong, top 20 UK edifice society, which has no exposure to marketplace outside of the UK and funds all of its loaning from retail savings. Our client, therefore, can be confident that their money is in safe hands'.

Prospective investors can obtain full item of Scarborough's offshore business relationship by visiting www.scarboroughci.com or by career the Guernsey based client service team on 01481 712004.

merchandise DETAILS - Offshore Reserve Issue 2

involvement of 6.40% (6.20% every month) on balances of £100,000-plus; 6.35% (6.15% every month) on balances of betwixt £25,000 and £99,999; and 6.30% (6.10% every month) on balances of £5,000 to £24,999;
lower limit deposit of £5,000;
upper limit balance of £1 1000000 per business relationship (£5 million per client);
Up to 4 withdrawals permitted per financial year, without penalty or loss of interest (further withdrawals subject to a £50 administration charge);
Accounts can be closed at any time without notice or loss of interest (if more than withdrawals have taken place prior to closure, an administration charge of £50 will be payable);
Additional deposits can be made at any time, up to the maximum account balance of £1 million.
PRODUCT DETAILS - 6 Month Rollover (Issue 3)

Interest of 6.20% on balances of £250,000-plus; 6.10% on balances of between £100,000 and £249,999; and 6.00% on balances of £5,000 to £99,999;
Minimum deposit of £5,000;
Maximum balance of £1 million per account (£5 million per customer);
Up to 25% may be withdrawn before maturity, without penalty or loss of interest;
Accounts can be closed at any time with 90 days loss of gross interest;
PRODUCT DETAILS - Lifestyle Fifty-Plus

Interest of 6.20% (6.00% monthly) on balances of £5,000-plus;
Minimum deposit of £5,000;
Maximum balance of £1 million per account (£5 million per customer);
Easy Access, subject to a minimum withdrawal of £1,000;
Additional deposits can be made at any time, up to the maximum account balance of £1 million;
Offers a full choice of annual, monthly and deferred interest dates - deferred interest is paid on account closure

Limited is based in the Bailiwick of Guernsey and is the offshore deposit-taking arm of the Scarborough Building Society Group;

SCIL is a wholly owned subsidiary of Scarborough Building Society and is regulated by the Guernsey Financial Services Commission;

Scarborough Building Society, which is the UK's 18th largest building society with assets of £2.3bn, provides an undertaking guaranteeing the deposits held in SCIL.