Abbey International, the Jersey-based offshore banking arm of Banco Santander, has introduced an 18-month fixed rate deposit account paying 3.6% gross.
Abbey said the product was an limited offer and so could be withdrawn at any time.
It is exclusively for funds that are new to Abbey International and interest is paid at the end of the 18 month term. The minimum balance is £100,000.
Jane Matthews, head of client experience for Abbey International, said: “We are sensing a gradual return of confidence to the markets and an appetite for slightly longer term commitments.”
More information can be found by visiting www.abbeyinternational.com
