It said that its International Business 180 account offers tiered rates of interest so that larger deposits will earn higher rates of return on the whole balance.
The bank has also lifted rates across the board on its other 120, 80 and 40 day notice and easy access sterling business deposit products.
“Our new International Business 180 meets a need in the market for a higher interest rate allied to a slightly longer deposit commitment. In designing this product, we have sought to bring to the corporate market the same high standards of transparency that we are known for in the domestic savings market in Guernsey,” said managing director Jim Coupe.
It means that for balances between £10,000 and £99,999, the annual interest rate will be 2.50% gross/AER or 2.25% for monthly interest (2.27% AER).
Meanwhile, returns of up to 2.50% gross/AER are available for business customers opting for the 120 day notice option, 2.25% gross/AER for an 80 day notice period and 2.00% gross/AER with 40 days’ notice.
