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Services > Banking > Services > Expatriate Savings account > Overview
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We recognise that many expatriates are able to use their time overseas to significantly build up their savings. That's why we have specifically designed our exclusive Expatriate Savings Account to offer highly competitive rates of interest, but with the important ability to access some or all of your funds if required. Its key features are:
- Available in pounds sterling, United States dollars and Euro. The minimum opening balance requirement is £10,000, $25,000 or €25,000
- The maximum permitted deposit is £1 million or currency equivalent
- Interest is calculated on the daily cleared balance and added on an annual basis, either to the same account or to a separate income account if required
- High rates of interest are paid, linked to bank base rates, to assure you of an ongoing competitive return on your savings
- Statements will be mailed to you on an annual basis
- A deferred interest facility is available, meaning that interest is only applied when the account is closed. This can be a very useful tax planning facility, for example to take advantage of an age-related allowance, or if moving tax residence to a country with lower tax rates
- One withdrawal of up to one quarter of the account balance may be taken out, without notice or penalty, within any given calendar quarter. Further withdrawals may be made subject to the loss of 90 days interest on the amount withdrawn or alternatively, 90 days notice of withdrawal may be given
- The account is fully internet accessible
Application Form
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