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.
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.
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.
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.
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