Cheltenham
& Gloucester Offshore Banking
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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