Close Wealth Management Group has launched a range of accounts targeting expatriates and the interna...
Close Wealth Management Group has launched a range of accounts targeting expatriates and the internationally mobile.
The Close Advantage range is available from a minimum deposit of £20,000. It includes a range of multicurrency account types, available in sterling, euros and US dollars, comprising current accounts for instant access, money market deposit accounts and notice accounts.
The range also offers commission-free foreign exchange services and Visa Gold card facilities, as well as the ability to split capital and income. An international sharedealing facility gives clients access to all major security markets for trading stock and shares, unit trusts and other exchange traded instruments.
The current accounts are branded Close Advantage and Close Advantage Plus, while for deposits there is a choice of Money Market Deposit (minimum deposit £100,000), Monthly Access Deposit and Notice 90, a 90-day notice account. The accounts are domiciled in Guernsey and the Isle of Man.
The Monthly Access Deposit is designed for clients who require capital security and/or income as a monthly maturing deposit account where the interest rate is fixed on the 15th day every month. It is similar to a one-month Money Market Deposit, however unlike a Money Market Deposit, where access is restricted until maturity, the Monthly Access Deposit gives the flexibility of being able to add funds at any time.
The Money Market Deposit takes advantage of money market rates and is customised as the deposit period is determined by the client.
Phil O'Shea, head of the international banking arm of CWMG, said: "In Advantage, we have created a 'pick and mix' approach. This flexibility allows us to meet our clients' needs on an individual basis. Advantage offers real choice and clients can select from a range of features, benefits and account types that best suit them. An automatic account sweeping system ensures monthly account balances are maintained, providing liquidity for our clients and avoiding overdraft charges."
- Available in a range of currencies
- Minimum deposit of £20,000.
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