Foreign banks, nervous savers
Several banks have been tapping into savers' nervousness about the future with new foreign currency account products. Here's a pick of some of the latest.
• Nationwide UK (Ireland) has just launched a range of sterling savings accounts for nervous Irish savers. See www.nationwideuk.ie for more details.
• KBC Bank's Select Access Demand Account offers savers a return of 3 per cent (gross/AER). The minimum opening balance is £2,000 sterling with a maximum opening balance of £80,000 sterling. Funds are available on demand and the maximum balance is £1m. If you're interested, you should be reading more at www.kbc.ie
• Investec has introduced the latest version of its Danish Kroner deposit account. Money is tied in for 2.5 years with the promise that you'll get at least the same amount or better on exit. Investec also has forex accounts across a dozen currencies. www.investec.ie for more details.
Sunday Indo Business