Interest is paid at a variable rate. There is no fixed term and no commitment period. The account is offered for balances beginning at $100,000 USD.
Sovereign Bank International does not offer loans or extend credit products. It prioritizes its capital.
An institution that carries no credit on its books carries no credit risk, and a balance sheet unencumbered in that way is a simpler and stronger thing. The strength of this bank is the first matter we attend to, and every decision about how it is built proceeds from that.
The distinction matters. Capital should grow; the institution that holds it should be sound.
Every Platinum client is looked after directly by a relationship manager who understands their circumstances and their intentions.
Current rates are provided directly to prospective and existing clients rather than being published. The full terms of the account are set out in your account documentation, which we will take you through before anything is committed to it.
Deposits with this Bank are not covered by deposit insurance.