Permanent Bank International Ltd has announced a range of new short term and long term fixed investment products. The bank specialises in international savings and deposit accounts for both Sterling and Euro. Investors with a minimum of £25,000 to deposit can receive rates of 1.50%/1.50% AER with Permanent’s 35 Day Notice account. There are also a range of Short Term Fixed Deposit options for a minimum deposit of £100,000 - 3 months returns up to 2.70%/2.73% AER; 6 Months up to 2.90%/2.92% AER; and 9 Months up to 3.10%/3.11% AER. Other rates are available for amounts from £20,000.

Permanent’s Long Term Fixed Deposits - for a minimum balance of £20,000 - offer the following rates. One year returns 3.50%/3.50% AER; two years 3.75%/3.68% AER; three years 3.85%/3.71% AER; and five years 4.15%/3.84% AER.

Carlton Freegard, Managing Director of Permanent Bank International Ltd, said:

“These new products offer outstanding rates and we are sure that they will prove popular with both existing and new clients. We feel it is important to emphasise that Permanent Bank International offers many attractive options for investors who wish to retain investments here in the Isle of Man and that the Island continues to remain a good place to do business.”

Permanent Bank International was launched in February 2012 as a new brand and was formerly known as Irish Nationwide (IOM) Limited. The new bank was formed following the acquisition last year of Irish Nationwide by Irish Life and Permanent - which trades as Permanent TSB in Ireland. Permanent Bank International is based on the second floor of Britannia House, Athol Street, and employs 12 staff, many of whom have been with the bank for more than a decade. For more information go to www.permanent-bank.com