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Expat Investor : March April 2009
OFFSHORE BANKING Offshore Saver account is the final piece of the offshore jigsaw, with regular, multi currency savings now neatly in place. ANGLO IRISH BANK (IOM) In the current financial climate, many expats are reviewing their financial planning, investment strategies, and banking options. In uncertain times it undoubtedly makes sense to spend some thought and effort on where you put your hard-earned cash, and how you deal with it. At Anglo Irish Bank, we specialise in one thing – savings.We like to think we have accounts which tick every box; our Privilege range of accounts offers instant access, 7, 30, and 90 day notice, monthly income, right through to accounts offering highly competitive fixed rates over 12, 18, and 24 months. Even better, our Privilege range of accounts is an almost permanent feature of the independent Best Buy tables. Unlike some providers, our accounts are also available in the three major currencies; sterling, euro, and dollar, and we keep rates competitive across all denominations. Rates, of course, are just one aspect of choosing and operating an account. We have tried to put ourselves in our investors’ shoes and to think hard about the sort of things they want from a savings account, and which will make life easier for them. It starts with account opening; all our accounts can be opened with just 5,000 in sterling, euro or US dollars, a low entry threshold in any denomination. Low transaction costs are also a key feature, and our instant access accounts offer same day free of charge withdrawals to UK banks of up to £50,000 – a very attractive option for some. We try to maximise flexibility, even when it comes to fixed rate accounts, allowing a one-off withdrawal of up to 20% (per annum) of the capital without loss of interest in any given year. All our accounts can be operated using our online banking service, AngloConnect, which offers investors access to their accounts 24 hours a day, seven days a week from anywhere in the world. Accounts can also be operated by phone, letter, or fax. Security is a top priority and we only allow payments from our accounts to a nominated account in the client’s ‘same name’. For many expats, banking means dealing with foreign exchange, and an increasing number of people are taking advantage of our corporate treasury desk, which offers some of the best foreign exchange deals available anywhere. Anyone who needs to swap currencies can just ring our foreign exchange desk and be sure they will get a great rate and a seamless service. Even better, there is no fee or commission for the service. We try to back everything we do with great service. Investors will always find a friendly and knowledgeable, team of people here at the end of the phone, who not only know what they are talking about, but who are willing to be flexible, and who will take time to understand their needs and go the extra mile in meeting them. FAIRBAIRN PRIVATE BANK Expats are often faced with a complex chain of product and service providers. Managing and interacting within this environment can not only be time-consuming, but also costly and often complicated. At Fairbairn Private Bank we can offer a simpler way to organise your banking and investment needs through our award-winning Focus service. This unique, integrated service combines banking, lending, discretionary and/or execution-only investment dealing and settlement services into a simple, seamless package which will save you time and simplify your administration. The flexibility of the Focus account allows you to tailor our services to match your specific financial requirements, and, as your financial needs change, so can the structure of the account. You can choose from a wide range of financial services and design an account that suits your specific requirements. internal account transfers, multi- currency transactions and investment dealing, can all be completed simultaneously without the need for numerous phone calls. The fully integrated Focus service provides a combined summary report that gives a concise, “Multiple transactions, such as internal account transfers, multi-currency transactions and investment dealing, can all be completed simultaneously without the need for numerous phone calls.” By integrating your banking and investment needs within a combined account you have a single point of contact for all your needs. Multiple transactions, such as Zurich Bank International There’s strength and then there’s Zurich Strength To find out more, or to request an application form call: +44(0)1624 671666 Email: firstname.lastname@example.org or visit our website (quoting ref no. EI03) 3.00% GROSS PA/AER* Fixed for 1 year! Secure your deposit and interest rate by opening a 1 Year Fixed Rate Bond with Zurich Bank International Limited. Backed by one of the world's largest financial services providers, Zurich Bank International is part of the Zurich Financial Services Group, which has its Group headquarters in Switzerland. The Zurich Bank International 1 Year Fixed Rate Bond (Issue 17) gives you a superb annual interest rate of 3.00% gross. • Interest rate fixed for one year from account opening • minimum balance £10,000 • limited issue. www.zurichbankinternational.com R consolidated overview of your assets with the bank, saving time reconciling paperwork from various different institutions. Even more importantly for expats, it offers the convenience of online facilities that enable you to view your account details in real time, offering the freedom to keep track of your finances at any time from anywhere in the world. As well as saving time, the integrated Focus service can also save money through the use of multi-currency accounts. The ability to hold multiple currency accounts within one location can be indispensable for international clients, particularly with regard to cross currency transactions and foreign currency risk management. The full range of banking services available within Focus includes current accounts, fixed term deposits, loan arrangements, deferred debit gold status Visa cards, structured deposits, discretionary managed investment portfolios and full execution only services. Continued on page 4 *AER stands for Annual Equivalent Rate which is a notional rate illustrating the contractual rate as if paid and compounded on an annual basis. Zurich Bank International Limited, PO Box 422, Lord Street, Douglas, Isle of Man, IM99 3AF, British Isles. Telephone: +44 (0) 1624 671666 Fax: +44 (0) 1624 627526. www.zurichbankinternational.com Registered office: 43-51 Athol Street, Douglas, Isle of Man, IM99 1ET, British Isles. Zurich Bank International Limited is registered in the Isle of Man Number 22847. Telephone calls may be recorded. Licensed by the Isle of Man Financial Supervision Commission to take deposits. March/April 2009 ? EXPAT INVESTOR 3
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