Citi U.K. Launches Citibank International Personal Bank Investment Bundle
London Citibank International Personal Bank has launched a market-leading time deposit and investment bundle with great guaranteed returns on your time deposit, together with a choice of capital protected or mutual funds investment. The products are designed for offshore investors who are attracted to the stability and sophistication of the London savings and investment market, and U.K. expatriates and non-domiciled U.K. residents wanting to manage their tax planning through Jersey.
The investment bundle from Citibank provides a preferential savings rate of 12% per annum gross (12.68% AER) fixed rate for one month or 8% per annum gross (8.24% AER) fixed rate for three months for any customer who subscribes to a combination of both of the time deposit and either the capital protected investment or mutual funds investment in equal measure. To apply, call us at 44 (0) 207 500 1527 or visit www.ipb.citibank.co.uk.
The range of capital protected investments provides returns linked to various markets, coupled with the promise that capital will be returned at the end of the term whatever happens (if held until maturity). A minimum investment of $140,000 (or currency equivalent) must be made which will be spilt equally between the capital protected investment and the Citibank time deposit.
The mutual funds offer is available for all A Share mutual funds offered by Citibank International Personal Bank, except Money Market funds. A minimum investment of $40,000 (or currency equivalent) must be made which will be spilt equally between the Citibank time deposit and invested in one or more mutual funds.
Jean-Louis Guisset, Head Citibank International Personal Bank, EMEA, said: Our bundled offer is a comprehensive product that encapsulates all the best elements of saving and investing. A market-leading rate on your time deposit for guaranteed returns, combined with access to stock market returns on your investment. Our International Personal Bank customers are financially sophisticated and this offering has been specifically designed with their requirements in mind.
Citibank International Personal Bank in EMEA (Europe, Middle East and Africa) provides offshore clients with a personalized banking and investment service to help them manage and grow their wealth from its offices in London and Jersey. Globally, Citibank International Personal Bank offers client service from 14 centers in the Americas, Asia Pacific and Europe, has over 170,000 clients and has nearly US$28 billion of client assets under management.
For more information on Citibank International Personal Bank call London on +44 (0) 207 500 9450 or Jersey +44 (0) 1534 608 020 or visit www.ipb.citibank.co.uk
AER: The gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. AER stands for the Annual Equivalent Rate and is a notional rate, which illustrates the contractual interest rate as if paid and compounded on an annual basis. Please note that the monthly rates for one month and three month deposits are 1% and 0.66% respectively.
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