Broadgate Financial offers its clients offshore private bank accounts with Standard Bank based in the Isle of Man and Lloyds TSB in the Channel Islands, both premier offshore jurisdictions with excellent financial regulation.

Offshore accounts benefit from:

• The security and confidentiality offered by premier offshore jurisdictions with no exchange control restrictions
• Interest on savings and investment accounts paid gross, without deduction of tax at source (although there may be a tax liability elsewhere)
• Tax planning advantages of holding assets offshore
• Sophisticated worldwide communication links

All accounts include:

• A personalised Internet Banking Package with 24/7 access for outgoing and incoming transfers, currency exchange, debit and credit card management
• A personalised debit card

Our exclusive Expatriate Savings Account is designed to offer highly competitive rates of interest, but with easy access to some or all of your funds as required.

Key Features:

• Available in Pounds Sterling, United States Dollars and Euro. The minimum opening balance requirement is £3,000, $5,000, $5,000 AUD or €5,000
• Maximum permitted deposit: £1 million, or currency equivalent
• Interest calculated on the daily cleared balance and added on an annual basis, either to the same account or to a separate income account if required
• High rates of interest are paid, linked to bank base rates, to assure an ongoing competitive return on savings
• Statements mailed annually
• A Deferred Interest Facility is available, where interest is only applied when the account is closed: a useful facility for those able to take advantage of an age-related allowance, or moving tax residence to a country with lower tax rates
• One withdrawal of up to one quarter of the account balance may be taken out, without notice or penalty, within any given calendar quarter. Further withdrawals may be made subject to the loss of 90 days interest on the amount withdrawn; alternatively, 90 days notice of withdrawal may be given
• The account balance and transactional history can be viewed via Offshore Online, our Internet Banking Service