Post by Sapphire Capital on Jul 11, 2008 23:58:53 GMT 4
source:http://www.telegraph.co.uk/global/main.jhtml?xml=/global/2008/04/24/expat-bank-account.xml
Three currency options on HBOS expat internet account
By Mike Goodman
Last Updated: 12:01am BST 24/04/2008
A new internet and telephone banking account for British expatriates has been launched from Jersey by HBOS (Halifax Bank of Scotland Group).
Branded "Halifax International" it offers savings in sterling, euros and dollars, instant access to lump sum savers and a headline rate of seven percent for regular savings in sterling.
The lump sum account, Web Saver, requires a minimum opening balance of £1,000, €1,000 or $1,000. The minimum interest rates paid on these balances are 5.8 per cent for sterling, four per cent for euros and 2.8 per cent for US dollars.
Above £25,000 the rate on sterling is six per cent, while the corresponding top tier for euros is 4.2 per cent and for dollars three per cent.
"Web Saver" account customers can also open a sterling regular saver account which pays seven per cent gross. Payment into this account is by standing order with a minimum monthly saving of £100 and a maximum £2,000.
There is one important condition to this account; no withdrawals during the first year, except in emergency. After one year, any balances and interest is paid into a sterling Web Saver account.
James Gairdner, head of Offshore Banking, at HBOS, said: "We aim to make offshore savings really simple whilst offering market leading rates."
Three currency options on HBOS expat internet account
By Mike Goodman
Last Updated: 12:01am BST 24/04/2008
A new internet and telephone banking account for British expatriates has been launched from Jersey by HBOS (Halifax Bank of Scotland Group).
Branded "Halifax International" it offers savings in sterling, euros and dollars, instant access to lump sum savers and a headline rate of seven percent for regular savings in sterling.
The lump sum account, Web Saver, requires a minimum opening balance of £1,000, €1,000 or $1,000. The minimum interest rates paid on these balances are 5.8 per cent for sterling, four per cent for euros and 2.8 per cent for US dollars.
Above £25,000 the rate on sterling is six per cent, while the corresponding top tier for euros is 4.2 per cent and for dollars three per cent.
"Web Saver" account customers can also open a sterling regular saver account which pays seven per cent gross. Payment into this account is by standing order with a minimum monthly saving of £100 and a maximum £2,000.
There is one important condition to this account; no withdrawals during the first year, except in emergency. After one year, any balances and interest is paid into a sterling Web Saver account.
James Gairdner, head of Offshore Banking, at HBOS, said: "We aim to make offshore savings really simple whilst offering market leading rates."