Citibank Maxisave Sweep Account Savings Rate Update

CitiBank Maxisave Sweep Account Savings Rate Update

Earlier we highlighted in our Singapore Savings Account Rates on Citibank's Maxisave AC that Citibank Maxisave Sweep Account savings rate was 0.35% per annum.
With effect from 11 November 2008, the Citibank Maxisave Sweep Account Savings rates have been updated and revised to 0.25% per annum.

If you keep your savings in the Citibank Maxisave Sweep Account for up to one year, you can earn extra bank savings interest of up to 0.88% for sums of fifty thousand dollars.

Thank you for reading Singapore Savings Account Rates.

Offshore Bank Account: HSBC Rates

Offshore Bank Account: HSBC Rates

If you are thinking of a super-secretive bank account hidden in an exotic island that you can stash some cash to avoid paying taxes, this Offshore Bank Account is not for you.

The HSBC Offshore Bank Account is a flexible international current account, for day-to-day banking use that pays interest.

An Offshore Bank Account is meant for bank users international or offshore banking requirements. You can make payments on your HSBC credit cards, investments, loans or mortgages.

Some salient features of the HSBC Offshore Bank Account:

0% commission on foreign exchanges

Available in sterling, US dollars or euro

24 hour phone and internet banking

Internationally accepted debit card in sterling or US dollars

Chequebook in sterling or euro

International money transfers at reduced rates (via Internet Banking)

Regular payments by standing order

No account opening fee*

Minimum balance £5000, US$ 10000, or €10000

No interest is payable if the balance falls below the minimum account opening balance

* There's no account opening fee for HSBC Offshore Bank Account. However a minimum relationship balance of £25,000 (or currency equivalent) must be maintained, to prevent a £20 monthly service charge from being applied to the HSBC Offshore Bank Account.

The interest rate payable on the HSBC Offshore Bank Account is 0.1% at present. If you join HSBC Premier, the interest rates promotion is higher.

source: HSBC Offshore Banking