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Skipton international
3431Anna
Posts: 363 Forumite
Does anyone know a anything about skipton international building society.
Are they a good place to save
Are they a good place to save
20p savers club 2013#23 83.00 (2014 numer 6,70.00 pounds) 2036SPC No 6(2013) 182.34
2.00 savers club no 159
SPC No 7 2036(2014) 369.[2[ SPC No 8 197.45 (no 114)
2.00 savers club no 159
SPC No 7 2036(2014) 369.[2[ SPC No 8 197.45 (no 114)
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I think there’s two separate organisations: Skipton building society, which has decent rates, the usual protection for savings, actual in person branches etc. I have an account with them and haven’t had any issues. And then there’s Skipton International which is an offshore bank with all the risks and benefits that brings0
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Such as deposit protection only being available from a tiny territory's scheme:amanda1024 said:I think there’s two separate organisations: Skipton building society, which has decent rates, the usual protection for savings, actual in person branches etc. I have an account with them and haven’t had any issues. And then there’s Skipton International which is an offshore bank with all the risks and benefits that bringsSkipton International Limited (Skipton), registered in Guernsey: 30112, is a wholly owned subsidiary of Skipton Building Society. Skipton is licensed under the Banking Supervision (Bailiwick of Guernsey) Law 2020, as amended. All agreements with Skipton are completed in Guernsey and governed by Guernsey law. Skipton is a participant in the Guernsey Banking Deposit Compensation Scheme. The Scheme offers protection for 'qualifying deposits' up to £50,000, subject to limitations.
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You would not normally have an offshore account unless you had a specific reason to have one.3431Anna said:Does anyone know a anything about skipton international building society.
Are they a good place to save
Offshore savings accounts: should you get one? - Which?
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They are for ex-pats (or others) who want to hold GBP but cannot have a UK account because they aren't resident in the UK.3431Anna said:Does anyone know a anything about skipton international building society.
Are they a good place to save
You dont get the protection of the Financial Ombudsman of the FSCS because they aren't UK based but instead the much smaller channel island equivalent. Likewise their regulation is lighter based no their jurisdiction.0
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