SCIL Launches Two-Year Bond Paying 6.30%

Press release published on 23 May 2007 by Scarborough Building Society

Scarborough Channel Islands Limited (SCIL) is offering a market-leading new Scarborough Offshore Bond.

Scarborough Building Society’s new offshore subsidiary, SCIL has today launched the limited edition Bond at a rate of 6.30%, fixed for two years.

The product is available with a minimum opening balance of £5,000, up to a maximum of £1,000,000.

Interest can be taken either annually at a rate of 6.30%, or monthly at 6.10%. No withdrawals or deposits are permitted after opening.

Robin Litten, of SCIL, said: ‘This outstanding offer is a further signal of our intentions to build on the success of this offshore business by introducing fantastic value new products – as well as further developing its service offering.

‘We hope the new bond will appeal to investors looking to lock into a high guaranteed rate until 2009.’

Anyone wishing to find out more about this and other SCIL products can do so by accessing the SCIL website at www.scarboroughci.com, or by contacting our Guernsey-based team directly on +44(0) 1481 712 004.

In April, SCIL – which has a geographically diverse deposit book of circa £600 million and approximately 6,000 customers – joined the Scarborough Building Society Group’s integrated suite of subsidiary businesses.

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