All local, national or federal banks usually offer a variety of bank savings account products. The choices are normally between deposit term, currency choice and level of minimum deposit required. Let us face it the level of interest rate paid varies very little regardless of which product you choose. Currently it is a very rare set of conditions that would allow local, national or federal banks to pay above 7% for any investment saving account product.
Top Offshore Investment Services as the international investment agency operating for a long-standing finance house here in the Dominican Republic is well able to offer a number of percentage points above that. To add further to the overall investment strategy, that should aim at keeping your money in your own pocket and under your own control, current fiscal legislation in this country allows you to pocket the maximum return as there is no tax due to any form of government body on investments with finance houses.
Compared with CD products (bank certificates of deposit), fixed rate bonds or the commonly sought after money market products, this investment offers a guaranteed interest rate advantage, there are no fees, no taxes and personal almost yesteryear type service. We would suggest that under current money market conditions the savings product on offer here could be considered in the category of high-yielding investment but it is most certainly not one of the high interest yielding programs that have got themselves such bad names over the years. The funds are invested in a variety of solid, planned financial mechanisms, including bank certificates of deposit (both short and long term) and also lending against personal and commercial mortgages.
Your higher interest rate investment saving account can be selected from US dollar, Canadian dollar, British pound, Euro or even the local Dominican peso. One year or two year fixed term deposits can be chosen offering a fixed rate and consequently fixed interest pay outs.
One further advantage of these investment accounts is the option of compound interest payment. Conventional bank savings accounts invariably refer to simple interest pay outs. Here you have the choice of a direct monthly payment from your high interest yielding savings account or allowing the wealth to accumulate through monthly compound interest accrual.
Why not give us a call for some of that good old fashioned yesteryear no fee service to enquire about a new higher interest rate for a guaranteed maximum return? Just choose a one year or two year fixed term deposit, select the currency from US dollar, Canadian dollar, British pound, Euro or Dominican peso and last but not least we are sure you will be pleasantly surprised by the minimum deposit you can make to set the ball rolling.
