Offshore Banking: why offshore, why Guernsey, why us?
Offshore banking designed to help protect and maximise your wealth
Why offshore?
If you work overseas, travel frequently, plan to retire abroad or simply want to maximise your income, Offshore Banking could be your solution. An attractive option for UK expatriates who need flexible and competitive offshore solutions, it is also ideal for in-pats*** who need offshore solutions in their own time zone. It gives you the opportunity to have your interest paid gross** and allows you to defer the payment of tax on your savings (subject to your tax status and the decisions that you make regarding the impact of the European Savings Tax Directive on your personal circumstances.
Why Guernsey?
Guernsey is one of the world's most secure international offshore financial centres. Guernsey saw tremendous deposit growth throughout the 1980s and 1990s and today it is still one of the biggest, safest and most respected offshore financial centres. So our members will benefit from the knowledge that their money is close to hand in a trusted location with a bank they can trust, giving them security and comfort.
Why us?
Clydesdale Bank International is a trading name of Clydesdale Bank, established in 1838 with a proud history of innovation. With over 150 retail branches and a network of Financial Solutions Centres offering customers a highly integrated business and private banking service, Clydesdale Bank is one of Scotland's largest banks.
Clydesdale Bank International is based in Guernsey and our offshore team can offer you a range of solutions designed to give you even greater control over your finances. Also, all our accounts are backed by the National Australia Bank Group (opens in new window), one of the world's largest financial services organisations by market capitalisation.#
*For security, telephone calls may be recorded and monitored.
** Deferring your tax payment can help maximise your savings. Tax deferment is subject to your tax status and the decisions that you make regarding the impact of the EU Savings Tax Directive on your personal circumstances. Where required, it is your responsibility to declare the existence of an offshore bank account and any interest paid to your tax authority. If you are an EU resident, you can choose to either share information with your tax authority or pay a retention tax on the interest paid (the default arrangement).
*** Although residents of other countries can benefit from saving offshore, you are responsible for declaring any interest earned to your own tax authority.
# Source: FT Global 500 (31st March 2009)
Clydesdale Bank International is a trading name of Clydesdale Bank PLC. The Guernsey Branch of Clydesdale Bank PLC is licensed by the Guernsey Financial Services Commission as a deposit-taking business, under the Banking Supervision (Bailiwick of Guernsey) Law, 1994, as amended. Clydesdale Bank International is a participant in the Guernsey Banking Deposit Compensation Scheme. The Scheme offers protection for ‘qualifying deposits’ up to £ 50,000, subject to certain limitations. The maximum total amount of compensation is capped at £100,000,000 in any 5 year period.
Full details are available on the Scheme's website www.dcs.gg or on request.
There is currently no Financial Services Ombudsman Scheme operational in Guernsey. Deposits with Clydesdale Bank International are not covered by the Financial Services Compensation Scheme established in the UK under the Financial Services and Markets Act 2000, nor are deposits with Clydesdale Bank International covered by any equivalent scheme in any other jurisdiction.
Principal place of business in Guernsey: Clydesdale House, North Clifton, St Peter Port, Guernsey, GY1 1JR
Telephone: + 44 (0) 1481 711102 Fax: + 44 (0) 1481 723663
Clydesdale Bank PLC. Registered in Scotland (No. SC001111). Registered Office: 30 St Vincent Place, Glasgow, G1 2HL.
View full details of The Guernsey Banking Deposit Compensation Scheme
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