Mind who you tell. I have a current account in Spain generating very little interest but I am obliged to declare it here in the UK every year. Gordon Brown still wants his share of the interest made, even though it is abroad.
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Originally Posted by Royboy39
That is hard earned............I have a bank account in Spain with the Halifax and they did not tell me that a sterling account would be of advantage to me.
I will close that account within the next few days.
With the Spanish bank you can invest in euros for a fixed period and get the interest paid up front....provided you dont draw money out before maturity. 6.5%
If you transfer money or deposit by cheque into the sterling account the interest works out at 4.5% on a current account providing there is £3000 in that account.
We have a lot to learn.
I'ts figures..............and you have trouble in the UK seeing your bank manager....In Spain it cost you nothing.
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