Guernsey bank Skipton International has been named best offshore account provider at the 2016 Moneyfacts Awards.

The Moneyfacts Awards are based on an independent assessment of personal finance products with input from IFAs. It is the third time Skipton International has won a Moneyfacts award.

Skipton International has been commended, highly commended or won an award for the past seven years.

Jim Coupe, Managing Director, Skipton International, said: "Winning this award is a recognition of the consistently high levels of service and long-term stable rates we offer our savings customers. Offshore accounts are an integral part of our offering. We look after the savings of Channel Islanders along with British expats from more than 100 countries around the world.

Skipton International offers a range of offshore savings accounts including notice, easy access, and fixed rate accounts.

At the end of 2015 Skipton International reached £1.075 billion of deposits, making it equivalent to the 12th biggest building society in the UK. Skipton is also one of the largest providers of mortgages in the Channel Islands.

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