Kaupthing Singer & Friedlan- der (Isle of Man) has extended its Platinum Offshore Account service wi...
Kaupthing Singer & Friedlan- der (Isle of Man) has extended its Platinum Offshore Account service with the availability of US dollar and euro accounts. The Platinum range of notice accounts track interest rates set by the UK's Monetary Policy Committtee, US Federal Reserve or European Central Bank. Interest is paid annually and clients can choose a notice period of 32, 60, 90 or 180 days. The account is available to both personal and corporate investors, with a minimum deposit of £25,000, $50,000 or e50,000. Additional deposits can be made at any time and statements are issued on a quarterly basis.
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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