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First Active launches offshore euro accounts

Irish-owned First Active&#39s Guernsey-based subsidiary is launching a range of offshore euro-denominated savings accounts.

Euro deposits may be made automatically into one of three accounts, an on demand account, a 30-day notice account and a 60-day notice account.

First Active group managing director John Smyth says: &#34With the advent of the euro, many of our customers will be looking for a safe and profitable home for their euros and we are here to meet their needs.&#34


TMO offers IFAs £200 compensation for failure to process offers in 48 hours

The Mortgage Operation is guaranteeing to give mortgage advisers £200 if it fails to meet its processing targets.TMO says the initiative called Non-Con guarantees a fast track service. It is promising to pay mortgage advisers £200 if an offer is not produced within 48 hours of the application being submitted.The £200 will also be paid […]

Scot Eq predicts interest rates of 5 per cent in next six months

Scottish Equitable is predicting that the UK interest rates will converge on those of Europe and the US in the next six months. It also suggests that base rates could fall from 6.25 per cent to 5 per cent.In the US, it says that technology stocks will continue to be the best performers, although recent […]


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