The new account, which matures on 1 June 2020, is available on balances between £10,000 and £5m (€5.8m, $6.2m) for new and existing offshore savings customers.
At the same time, Skipton international is also launching a new two-year offshore savings bond, which pays 1.4% gross per annum. This is also available on balances between £10,000 to £5m, maturing 15 May 2019.
The Guernsey-licensed bank, which claims to be “one of Channel Island’s leading mortgage lenders” said the British expats in over 100 countries around the world.
Jim Coupe, managing director at Skipton International, said: “Skipton International is committed to offering our customers a good return on their savings, and with some of the best rates in the market, our offshore savings accounts constantly deliver that.
“Our new fixed rate accounts offer offshore savers a real alternative in this low base rate environment.”
