Emirates NBD, the largest banking group in the Middle East in terms of assets, has launched Jersey Offshore Deposits, an attractive and flexible multi-currency fixed-deposit product.

The product offers easy international access, potential tax efficiencies and total confidentiality and is targeted at affluent and high net worth customers in the UAE, and currently offers very attractive special promotional rates to provide customers with added value, said a statement.

“Meeting the needs of our clients here in the UAE and across the world remains our highest priority at Emirates NBD,” said Suvo Sarkar, EVP and general manager, Retail Banking, Emirates NBD.

Available in a range of international currencies, including the US dollar, UK pound, euro and the UAE dirham, the product is available in tenors ranging from one month to three years. The minimum deposit is $25,000, GBP 25,000, Euro 25,000 or
Dh100,000.

A globally renowned centre for offshore banking, Jersey is recognised as one of the world’s safest offshore jurisdictions in which to bank, invest or establish a trust. An economically and politically stable jurisdiction, Jersey also adheres to the strictest regulatory practices and highest standards of financial governance, said the statement.-TradeArabia News Service