Barclays Private Clients, the wealth management arm and international banking division of Barclays, will offer a new Savings Solutions service in the Middle East, targeting clients who want to hold cash reserves or invest with a bank outside their home country. A minimum of £5,000 ($2,348) or currency equivalent and an annual fee of £50 are needed to open a Savings Solution account.
Savings Solutions includes a high Interest cheque account (HICA), a 60-day notice account for medium-term savings and time deposits for longer-term savings. All three are available in euro, dollars or sterling - three of the world's strongest currencies. A VISA debit card and international telephone and online banking are also included in the package. This will allow customers access to their funds through VISA's network of 750,000 cash machines worldwide. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
