BPI offers various types of flexible saving accounts when linked to a property investment can be particularly advantages and tax-efficient.
The different types of saving accounts available are:
• A Euro savings account
• A Multicurrency stock account
The Euro saving account is invested in a portfolio of secure funds which has been carefully chosen among the best contracts and managed by reputable partners and offers the possibility of diversifying your assets according to different profiles of risk, profitability and means. This type of saving account is linked to the French life insurance which offers tax advantages (wealth tax and inheritance tax).
The Multicurrency stock account (securities, mutual funds, monetary markets, bonds, shares…) is particularly designed to offer low risk optimal solutions for certain non-residents experiencing an unfavourable rate of exchange. This provides efficient currency investments while allowing the client to take hold of opportunities regardless of exchange rate fluctuations. A 100% loan to value is obtainable with a multicurrency saving account equivalent to 25% of the loan value. The mortgage is secured both by a lien on the property and a lien on the account. The borrower has the option to convert the invested currency into Euros at any time.
The different types of saving accounts available are:
• A Euro savings account
• A Multicurrency stock account
The Euro saving account is invested in a portfolio of secure funds which has been carefully chosen among the best contracts and managed by reputable partners and offers the possibility of diversifying your assets according to different profiles of risk, profitability and means. This type of saving account is linked to the French life insurance which offers tax advantages (wealth tax and inheritance tax).
The Multicurrency stock account (securities, mutual funds, monetary markets, bonds, shares…) is particularly designed to offer low risk optimal solutions for certain non-residents experiencing an unfavourable rate of exchange. This provides efficient currency investments while allowing the client to take hold of opportunities regardless of exchange rate fluctuations. A 100% loan to value is obtainable with a multicurrency saving account equivalent to 25% of the loan value. The mortgage is secured both by a lien on the property and a lien on the account. The borrower has the option to convert the invested currency into Euros at any time.