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Cheltenham & Gloucester Offshore Banking Review


Cheltenham & Gloucester Offshore Banking

 

Read Cheltenham & Gloucester Company Review...click here



Cheltenham & Gloucester Offshore Banking

Here you'll find out about the interest paid on your account, how long your payments will take to clear, any charges you might have to pay and about the Bailiwick of Guernsey.

When does my Cheltenham & Gloucester account start earning interest?

  • Your investment earns interest from the day it clears
  • Interest is paid gross
  • Interest is calculated on a daily basis
  • Interest is not paid on 29 February in a leap year
  • You can receive your interest annually or monthly

Annual interest
Paid on the first working day of the month in which your account was opened either to your nominated bank account or compounded.

Monthly interest
Paid on the first working day of each month to your nominated bank account or compounded.

How will I know when the interest rate changes?
Cheltenham & Gloucester advertise in at least two of the following newspapers: Daily Express, The Times, The Daily Telegraph, The Independent, The Guardian, Daily Mail, Financial Times.

If the rates change, Cheltenham & Gloucester will also write to you within 30 days to tell you the new rate(s).

Do I have to pay tax?
Interest is paid without the deduction of tax regardless of your tax status. However, you may be liable to pay tax in your country of residence.

For further information on Cheltenham & Gloucester Offshore Banking visit the Cheltenham & Gloucester Website.


 

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