Offshore savings account keeps top 10 place | Product News - Moneyfacts

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Offshore savings account keeps top 10 place

Offshore savings account keeps top 10 place

Category: Savings
Date: 25/11/2014

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Permanent Bank International has reviewed its offshore euro savings accounts and made some reductions. However, its 35-day notice deal has retained its competitive edge and held on to its place within the Moneyfacts charts.

The basics…

35 Day Notice pays tiered rates according to the amount invested; a €10,000 investment now pays a yearly rate of 0.05% while a €25,000 deposit will pay 0.65% per annum, the top rate for the euro notice sector.

The finer details…

This account needs a minimum investment of €10,000 and can be opened and operated in branch or by post.

Further additions are welcomed, provided the deposit is at least €250, and unlimited withdrawals are also permitted subject to the notice period being given and the withdrawal being at least €250. Early access is possible, too, but this will incur a penalty of 35 days' loss of interest.

Savers should note that this account has a minimum operating balance of €250.

Why we like it…

This account still offers savers a good rate, despite the reduction. The deal also benefits from the option to make further deposits and unlimited withdrawals, while the ability to access funds early, although subject to a penalty, is an added bonus.

Four Moneyfacts Stars have been awarded.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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