Strong showing By KSF At Expat Network Bank Awards

by Carla Johnson, Investors Offshore.com, London

06 February 2008

Kaupthing Singer & Friedlander scored highly at the 2008 Best Banks for Expats Awards, it revealed recently, with top three performances across three categories.

Judged by Moneyfacts, the awards see offshore banks ranked by the number of times their savings accounts appear in the ‘best buy’ tables printed in the eleven issues of Nexus Expatriate News magazine during the previous year.

Kaupthing Singer & Friedlander was ranked third in the Best Overall Offshore Bank category, and scored a ‘highly commended’ second place in the Euro Accounts category, and another 'commended' in the US Dollar Accounts.

Derbyshire Offshore, recently acquired by Kaupthing Singer & Friedlander, was also commended in the Sterling Instant Access Accounts category.

Banks appear in the ‘best buy’ tables by virtue of having the best interest rate available at the time in the different categories of account (sterling notice, sterling instant access, dollar and euro) as judged by Moneyfacts, with the ‘overall’ awards going to those banks whose accounts are most often featured as best buys across the different categories.

Kaupthing Singer & Friedlander Managing Director Aidan Doherty announced that:

"We are delighted to be recognised in this way with a strong showing across the board. It is an endorsement of the services we offer and gives us strong impetus for the next twelve months. Indeed, with the acquisition of Derbyshire Offshore, we are in an even stronger position and have our sights set on achieving even better results at the 2009 Awards."

"Kaupthing Singer & Friedlander has maintained consistently high rates of interest for clients. Our policy has always been to offer superior rates of interest to customers and to ensure that they benefit at all times from fluctuations in interest rates. Therefore, as rates move on the wholesale markets we pass those changes onto clients. Importantly, when interest rates rise, customers benefit immediately from such changes."

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