save or sink, overseas residents told by Finance News Bulletin

Published: 15/12/07

Britons moving abroad should consider gap a savings account to ensure that their cash keeps growing while they are away, Alliance & Leicester has urgedSeven in ten people be unsuccessful to set up investments accounts immediately after emigration, its research showedMany expatriates are not silver-haired retirees reaping the rewards of a existence's hard graft but mid-career working people, with one in three emigrating in search of their dream job, the structure society foundIts 'global eSaver Offshore' account offers online banking, with applications conducted via the mesh, without any requirement for a hard copy of the client's signature

The availability of internet overseas makes a remotely-operated internet investments account an easier prospect than in the past, commented Simon Hull, managing manager of Alliance & Leicester InternationalMeanwhile, for UK-based savers, Abbey has now launched a novel set of fixed-rate bonds, including a standard stepped rate 22-month tie which reaches a rate of 675 per cent in its last six monthsAccording to the Office for National Statistics, the proportion of post-tax profits saved instead of spent by households in the first quarter of 2007 was the lowest it had been since 1959, at 2

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