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Expat Investor : March April 2009
OFFSHORE BANKING group of people can benefit from holding an offshore account. At NatWest International Personal Banking, we offer a wide range of products, including our Advantage International account, specifically designed for internationally mobile customers. Advantage International is a multi-currency account available to personal customers. You may have different income streams from around the world. Now they can all come directly into one account and then be held or transferred to the currency of your choice. Access to sterling, US dollar and euro is also available via charge cards. Advantage International is more than just an account, you can also save in a number of currencies and gain access to a range of additional benefits tailored to your needs. If you have either £25,000 or more to deposit, or income upwards of £75,000 per annum, Advantage International is the ideal account for you. “Offshore banking presents solutions to many of the issues facing people living and working abroad as it provides a range of products and services designed especially for them.” The perfect partner to Advantage International is ibanking, NatWest’s multi- currency internet banking system, allowing customers to access their accounts from anywhere in the world with the confidence that any transactions made are safe and secure. Wherever you find yourself, you’ll always be able to find NatWest. Never more than a mouse click away, you can perform all of your personal banking from the home or office free of charge, at a time that suits you. As part of the extensive International Personal Banking service from NatWest, ibanking is secure, accessible and easy to use. We are also well equipped to deal with customers around the world in different time zones, and have ways of allowing customers to contact us 24/7. The instant access and availability that NatWest International Personal Banking provides is important to people living and working abroad. In addition, our Relationship Managers have a good understanding of the needs of international banking customers as they will have a diverse portfolio of international customers. ZURICH BANK INTERNATIONAL To achieve the best possible return on your hard-earned cash, the bulk of your funds could be deposited in an offshore savings account, as these generally pay a higher rate of interest than current accounts. Products such as Zurich Bank International’s Zurich Reward Account or 1 Year Fixed Rate Bond are ideal for this purpose. Moving your savings offshore from a UK bank can bring other benefits, such as saving in the same currency as the country you are living or working in. This will bring foreign exchange benefits, but if you wish to save in sterling then we can offer cost- effective currency conversion and quick and efficient transfer of funds to foreign banks. ATM and credit card charges can now work out very expensive, both for cash withdrawals and increasingly for purchases in shops, restaurants and for regular transactions. It makes sense to hold a local currency bank account for the payment of small items and for cash withdrawals. day expenses in a local currency account. The high interest account can then be used to feed the transaction accounts at periodic intervals. “To achieve the best possible return on your hard-earned cash, the bulk of your funds could be deposited in an offshore savings account, as these generally pay a higher rate of interest than current accounts.” Zurich Bank International suggests, therefore, you hold the bulk of your savings in an offshore high interest savings account in sterling, euro or US dollar but have a small amount to cover day-to- Another benefit of depositing your funds offshore is the quality of service you receive. As the majority of offshore deposit-taking institutions are smaller than your average High Street bank, a more personal banking experience can be achieved. At Zurich Bank International we believe personal service is essential. You won’t find your calls put through to a call centre and neither will you have to ring around to find the right person to talk to. Instead, you will receive a dedicated personal service tailored to your individual needs. As well as great savings accounts with great rates and a personal service, Zurich Bank International also offers security of your deposit. In current market conditions, security of funds is essential to all depositors. Zurich Bank International is in a position of strength being part of the Zurich Financial Services Group, which is one of the world’s largest financial service providers. Higher returns for longer-term savings Reward yourself with our 60 Day Notice Account Immediate withdrawals available subject to a 60 day interest penalty Minimum deposit just £5,000 maximum £1,000,000 Interest paid annually or monthly Rate quoted is for deposits of £50,000 plus. BEST INTERNATIONAL BANK PRODUCT BEST OFFSHORE STRUCTURED PRODUCT PROVIDER Telephone: +44 1624 681100 Visit: www.britanniainternational.com Email: email@example.com Full terms and conditions are included in the product literature available on request. A.E.R. illustrates what the rate would be if paid and added each year, rounded to two decimal places. Rates correct as at 16/02/09. Interest is variable and paid annually each 1 January or monthly at the beginning of each month. Interest is paid gross or may be subject to a retention tax depending on your country of residence for tax purposes. Your tax position will depend on your personal circumstances and you may wish to seek guidance from your tax adviser. It is the depositor’s responsibility to declare all interest earned to the appropriate tax authority. This is not an invitation to make deposits in any jurisdiction to any person to whom it is unlawful to make such an invitation. Britannia International Limited is a wholly owned subsidiary of Britannia Building Society. Registered office: Britannia House, Athol Street, Douglas, Isle of Man IM99 1SD, British Isles. Registered Company No. 50583. With paid up share capital and reserves in excess of £52.9m as at 31/12/2007. Deposits made with Britannia International are not covered by the Financial Services Compensation Scheme established under the UK Financial Services and Markets Act 2000. However, eligible deposits made with an Isle of Man office of Britannia International are covered by the Isle of Man Depositors’ Compensation Scheme. For your further protection Britannia Building Society has given a legally binding undertaking to discharge all liabilities of Britannia International should Britannia International be unable to do so whilst it remains a subsidiary of the Society. Complaints we cannot settle can be referred to the Financial Services Ombudsman Scheme for the Isle of Man. Licensed by the Isle of Man Financial Supervision Commission to take deposits. EXPIN03/09 March/April 2009 ? EXPAT INVESTOR 5 Up to 2.50% gross p.a/A.E.R. 2.75%gross p.a. paid annually Includes 0.25% bonus until at least 30 June 2009
January February 2009
May June 2009