Banco Trasatlantico

I have found this bank offering 3.7% on sterling and 4.5% on Euros for 24 months investment. As they will not be under the umbrella of the U.K. or IOM Government guarantees I wonder if anyone knows anything about them.
I need to place some funds by the end of May and I can't use Santandar as I would be over the guarantee limit for the EU. Does anyone have any advice?

Comments

  • Sceptic001
    Sceptic001 Posts: 1,111 Forumite
    The 100k euro limit is per institution. If you are worried about exceeding the 100k euro limit with Santander, why would you consider saving with a Panamanian bank with no guarantee?
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