“Receive all interest in advance!!!”
High advance- interest deposits on offer 12th June until 24th June 2008 ONLY
Advance Performer Jun08 is an Advance Interest Deposit product. It is offered in one duration (3 Years) and in three currencies GBP, EUR and USD with a special feature. You receive all the interest earned for the lifetime of the deposit in advance to another designated account of your choice! So you could do just about anything with your interest money; Reinvest it or use it for your summer vacations!
The Advance Performer Jun08 pays the interest on the initial deposit on 27rd June 2008, just 3 working days after the start date.
| Currency | Product Duration | *Gross Interest Rate | **AER | ** *Net Interest Rate |
| GBP | 3 Years | 16.75% | 6.30% | 13.40% |
| USD | 3 Years | 11.10% | 4.00% | 8.88% |
| EUR | 3 Years | 14.60% | 5.40% | 11.68% |
* Gross is the interest rate before the deduction of tax that may apply to an interest bearing account.
** AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once a year.
***Net Interest Rate is the rate after the deduction of tax applicable to interest, currently 20%. Higher rate taxpayers will have an additional liability
The key features of the Advance Performer Jun08 are:
Offer Period: 12th June 2008 to 24th June 2008
Start: 24th June 2008
Maturity: 24th June 2008 - 24th June 2011
Interest Payout: Refer to table above. Payable in full, in advance on 27th June 2008
Minimum participation: GBP50, 000, USD100, 000, EUR65, 000
Maximum participation: GBP5, 000,000, USD10, 000,000, EUR6, 000,000
Capital Payout: Initial deposit amount upon product maturity (If not a business day, on the next business day)
Eligibility: Companies and Private Individuals (sole, joint or as trustees)
Withdrawals: Withdrawals or additional deposits cannot be made during the term of the deposit. If need be, a loan can be granted at preferential rates i.e. 1.50% ABR and a minimum fee of £50.
To participate in this Advance Interest Deposit visit any Laiki Bank branch.
Advance Performer Jun08 3 Year - Application Form and Terms & Conditions
Please fill in and take to any Laiki Bank branch.
For further enquiries contact us by email at ukenquiries@laiki.com or
Call +44 (0) 207 307 8400
(Laiki Bank reserves the right to withdraw this offer at any time and without notice).
|