I just got my weekly interest rate update email and in the offshore section the following are listed as top :

Provider Account Type Notice Period Rate (AER) on £10000.00

S & F (IOM) Instant/Direct Access 0 days 6.55%

S & F (IOM) Instant/Direct Access 0 days 6.54%

Anglo Irish Instant/Direct Access 0 days 6.19%

Barclays Instant/Direct Access 0 days 6.05%

A & L Int Instant/Direct Access 0 days 6.00%

Now I've never seen S & F before and their rates and significantly above the others - in fact they are better than onshore instant access accounts !

Anyone know who they are ? - a quick google on the name revealed little

Edited October 29, 200718 yr by Khun Bob

I just got my weekly interest rate update email and in the offshore section the following are listed as top :

Provider Account Type Notice Period Rate (AER) on £10000.00

S & F (IOM) Instant/Direct Access 0 days 6.55%

S & F (IOM) Instant/Direct Access 0 days 6.54%

Anglo Irish Instant/Direct Access 0 days 6.19%

Barclays Instant/Direct Access 0 days 6.05%

A & L Int Instant/Direct Access 0 days 6.00%

Now I've never seen S & F before and their rates and significantly above the others - in fact they are better than onshore instant access accounts !

Anyone know who they are ? - a quick google on the name revealed little

S & F = Singer and Freidlander (sp). BTW, short term Sterling rates are excellent right now but you might want to seriously think about locking in a slightly lower rate for a longer period, say two years. There's a couple of 6.35/6.40 two year deals around and that's where my bets are going. After all, the difference between the higher and slightly lower rates on £100k is only £150 but the duration on the two year fix is much longer.

Just got the latest weekly rates email - put below :

Provider Account Type Notice Period Rate (AER) on £10000.00

S & F (IOM) Instant/Direct Access 0 days 6.55%

S & F (IOM) Instant/Direct Access 0 days 6.54%

Anglo Irish Instant/Direct Access 0 days 6.19%

Barclays Instant/Direct Access 0 days 6.05%

A & L Int Instant/Direct Access 0 days 6.00%

No change from last week. Anybody gone with S&F ? What are they like ? What is your experience with them ?

TIA

Where do you get your emailed info from 'cos ALIL is offering 6.51% on Sterling

http://www.alil.co.im/default.aspx?bhcp=1

It is indicative of the contnued credit crunch/liquidity crisis that major banks are offering short term rates to retail customers that are higher than libor (interbank) rates. It is not a healthy situation at all.

I would agree with the chiang mai that locking in 2 year 6.3%+ rates is an advisable strategy at the present time