Offshore banks.

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Bank of Scotland international has 6.35% p.a. interest rate for fixed deposits.
Can anyone comment on this bank?.  It says no insurance on deposits.
Thanks in advance.

Nathan

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Nathan, it's one of the biggest banks in the UK. is that what you need to know ?
john

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hi, Nathan,

Are you talking about 6.35% on sterling or on ringgit? It must be sterling, right?

Hong Leong Bank is offering 7% on GBP/MYR currency pairings, with the investment currency in MYR. The minimum investment is RM250,000. I'm not sure if this counts as a Fixed Deposit? But HLB says that you can customise your investment to meet individual needs, so maybe it's worth checking out.

regards, Scott

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Bradford & Bingley are offering 6.1% for a paperless internet FD for 1 year.

Check out

http://www.bbi.co.im/offshore-savings-accounts/offshore-internet-banking/e-access-account.aspx

Also if you wish to invest in NZ dollars you can get up to 8.5% per annum. This currency has appreciated by almost 15% over the last 8 months, so there is the possibility of currency gain as well, as it doesn't look like weakening anytime soon.

Check out

http://www.nbnz.co.nz/default.asp

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Nathan,

Bank of Scotland is part of the Halifax Group. AA+ credit rating. If they go under we are all doomed/ 6.35% is good but wait for a few weeks before investing -there is talk of interest rates going up again in the UK

Cheers

Brian