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Banks competing for ex-pat money

Skipton International has launched an 18-month fixed-rate bond just a few weeks after Permanent Bank International produced its 18-month deal. The Skipton deal just beats Permanent on the interest rate, plus the minimum deposit required is smaller.  The new Skipton International deal is 1.75pc on a minimum of £10,000.  Permanent International’s 18-month version is 1.69pc on a minimum £20,000.

The interest rate from Skipton International also beats the Permanent Bank International three-year rate and comes close to the Nationwide International three-year deal of 1.85pc.  It makes the current crop of one-year fixed-rate deals look less attractive. You can get 1.45pc from Nationwide International or 1.4pc from Permanent International fixed for one year; the former on a minimum investment of £50,000, the latter on £20,000. Santander also offers monthly income on its fixed-rate bonds.

These rates can easily be beaten, and coming to Blacktower for advice could save you losing a small fortune, as independent advisers we can tailor our recommendation to suit you, we would be looking to gain between 4 and 10% depending on your circumstances.  Monthly income can be received to boost your spending power and your capital can grow at the same time.

Given how confusing this can all be we are urging people to take advice before deciding what to do from a reputable regulated adviser.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

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NEWS WRAP – Eco Investment Scammers Given Prison Sentences

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This fact has recently been underlined with the conviction and sentencing of five men for their operation of a multi-million pound fraudulent eco-investment scheme; a scheme which has been described by HM Revenue & Customs as one of the largest of its kind to be carried out in the UK.

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Euro vs Pound – Brexit Impact

As a Financial Adviser the most common question I get from people is about the Euro versus Pound exchange and which direction will it go.  My usual answer is ‘well if I knew that I would be a millionaire’!

Now, for the first time that I can remembeBrexitr there is the consensus of all the experts saying the same thing.  If the UK exits the EU after the referendum in June, then there will not be that much of a change as impact will be felt on both sides (it will be as bad for Europe as it is for the UK).  If the UK stay in, then there should be some sort of a rebound back to fair value levels to around the €1.40/£1 mark.  If this is the case, you should really try to hold off buying Euros until after the referendum.

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