[eric_amanda]

Hi folks

We are soon to complete on the sale of our UK property. We are in no rush at the moment to transfer the profit into NZ$, we have about 18mths to sit things out, so we were wondering on where might be the best place for our money in the meantime.

Since we know some of you folks are quite well up on High Interest Accounts / Offshore accounts etc, we thought we would start our search by asking here.

We do not particularly want to 'lock in' to long term deals, or even go as far as dabbling in the stock market, in case for any reason we decide we would like to get at our cash.

We will obviously be keeping a firm eye on the exchange rate, but would like to hang on there until it finally hits the $3 - £1 or more. It is all dependant really on what interest rates are available in each currency etc etc.

Anyone got any help/advice??

Thanks in advance

Amanda & Eric

[Dave & Sandra]

Hi E & A

You could always check out the HSBC web site.

http://www.offshore.hsbc.com/hsbc

You can get a fixed term deposit account which you can keep rolling over until you actually need the cash. They are well geared up for dealing with expats or people who have moved abroad and interest is paid gross.

Also you can have a cheque book, ATM cards which can be used here and transfers to your NZ bank account can be done on-line up to £10,000 without written confirmation. Anything above that you have to fax an authorisation through.

Sandra