Scarborough Channel Islands has launched a limited issue 90-day sterling notice account to attract new customers with a minimum investment sum of £5,000. 
     
Guernsey-based Scarborough CI says that the Offshore 90 Direct account offers two rate guarantees. The rate of 6.30 per cent pa (6.15 per cent monthly) is guaranteed until 31 July, 2008.

If the Bank of England base rate exceeds 6.30 per cent during this period, the account will match and track this rate until 31 July 2008.

.

Thereafter, the account will track and match Bank of England base rate (–0.15 per cent monthly interest) until 31 January 2010.

The minimum withdrawal sum on the 90-day notice basis is £1,000. Interest is paid annually on 1 January, 30 April, or on a monthly basis and deposits can be made by cheque or direct bank transfer