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Expat Investor : March April 2009
NEWS ROUND-UP Lloyds reunites customers with dormant funds Lloyds Banking Group has announced its “proactive drive” to locate customers with dormant funds in accounts across the UK. The proactive reunification activities, which will be funded by the Group, build on last year’s reunification campaigns by both Halifax and Lloyds TSB. The dormant funds are held in savings, current accounts and business accounts across the Group. Lloyds says it will undertake a range of methods to attract customer attention which include a tailored, new advertising campaign alongside continued use of expert external tracing companies. Lloyds has already had some success reuniting customers with £23 million to date. And yet at the start of 2009, the amount which remained in dormant accounts totals a whopping £93 million. Peter Jackson, Managing Director, Consumer Banking, says, “A key priority for the Group is to offer initiatives specifically designed to help our customers. In challenging times reuniting Be selective with ALIL’s new range of expat savings accounts customers with dormant funds could prove a welcome boost to many.” Full contact information can be found via the Lloyds Banking Group website. www.lloydsbankinggroup.co m/customers.asp the Select Income International account which may be paid away or capitalised to the same account, and free BACS withdrawals when an account-holder registers for online banking. To celebrate the launch, ALIL promises to send a free copy of Expat Money, Hannah Beecham’s definitive guide to expat finance, to anyone who opens a new Select International or eSaver Offshore account during the month of March 2009. “It’s easy,” says ALIL. “If you A new range of expat accounts has been launched by Alliance & Leicester International (ALIL). In this suite of accounts, expats can opt to save through an instant access account, income account or on a notice basis. In all cases, the minimum balance sum required is £15,000. ALIL has grouped these accounts under the label Select International. This Isle of Man-based Bank says they will suit those of you looking for “competitive rates”. All three accounts may be opened by post – thereafter, the channels for management widen to include post, telephone, fax and/or online. Further benefits, says ALIL, include a monthly interest option on We make SAVINGS simple for you £ 1 Year Fixed Rate Bond Also available * 3 &6 Months Fixed Rate Bonds * International 30 * Monthly interest option 3.30% Gross/AER 3.25% € Gross/AER Download an application form at www.irishpermanentintl.com +44(0)1624 641641 *Individual product terms and conditions apply. 3 month bond available in Sterling only. Interest rate is quoted gross p.a. without any deduction of tax. Rate applicable as at 19 March 2009 and is subject to change. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. The minimum opening balance is £10,000/ €10,000 or US$10,000. Irish Permanent International is a registered business name of Irish Permanent (IOM) Limited. Licensed by the Isle of Man Financial Supervision Commission to take deposits. Registered Office: 12/14 Ridgeway Street, Douglas, Isle of Man. IM1 1EN. Irish Permanent International is part of the Irish Life and Permanent plc Group. are interested in one of our new Select accounts, just follow the steps to apply. “Once your Select account is opened, call us to claim your free copy of Expat Money. It’s just another way of providing you with the best tools possible to manage your money.” ALIL’s offer is for a limited period and available while stocks last, so you’ll have to hurry to secure your free copy. www.alil.co.im or phone on 44 (0) 1624 641 888. 2.75% $ Gross/AER for a personal service Part of the Irish Life and Permanent plc Group March/April 2009 ? EXPAT INVESTOR 11
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