Certificates of Deposit are the simplest form of financial instruments in which to invest. You get a guaranteed rate for a fixed term, for the minimum amount of form filling. Normally from an offshore bank you would receive between 6% and 8.5% depending on the amount and the length of the term. Interest can be paid quarterly semi annually or annually, or it can simply be left in the account to gather compound interest.
Do you want to know more about Certificates of Deposit? You need to call Swiss Trust Bank Now on 001-784-458-2400 for a more informal discussion.
Normally a bank would require an application form, copy of passport, bank reference, and source of funds documentation. A Certificate of Deposit is issued to the client giving the amount, the interest rate and the term. As soon as the funds are sent to the offshore bank, they are inmmediately put into an investment programme, for the term of the deposit, hence funds paid into a Certificate of Deposit are irredeemable until due for payment, at these higher interest rates. Payments can be made by wire transfer, or check (checks take six weeks to clear) or bankers draft. whichever is most convenient for the depositor. It is important to choose an offshore bank of some quality, such as Swiss Trust Bank in the Caribbean that has an excellent investment record since the 60's via the Swiss Trust Group who are based in Zurich.
Do you want to know more about Certificates of Deposit? You need to call Swiss Trust Bank http://www.swisstrustbank.com Now on 001-784-458-2400 for a more informal discussion.
The Author of this article David Morgan is manager of the Swiss Trust Bank Group and has over 20 yrs experience in the banking and financial world. You have permission to syndicate this article providing you the link it to http://www.swisstrustbank.com
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