Euro Bonds / Savings

**sweetandsour** · 18 February 2010, 07:42

Originally posted by DeadMansShoes View Post

I have an account with HSBC in Euros, which a client pays their invoices to. The money is currently just sat there, and I don't want to convert it into sterling due to poor rates. Does anyone know of any bonds / savings accounts that can be bought in Euros?
HSBC only have two products which pay < 0.08 %

Let me get this straight. You don't want to convert euro to sterling due to poor rates?

It wasn't that long ago that the usual rate as €1.5 = £1. So although the euro is not quite as high as it was a few weeks ago, today the rate is €1.15 = £1 you would still get a much better return than has been typical over the past 10 years. Why would you wait?

**DeadMansShoes** · 18 February 2010, 08:43

Sorry..messed up explaining my reasons why. I am currently (and for the forseeable future) taking out my income in euros, so I don't want to convert to sterling to put in a savings account, and then convert back to receive my income in euros.

I was previously using fixed term bonds in sterling for any additional cash in the business, and I'm trying to find a similiar type of savings vehicle.

**doodab** · 18 February 2010, 08:49

How about a savings account with a french or german bank?

**sweetandsour** · 18 February 2010, 09:13

Originally posted by doodab View Post

How about a savings account with a french or german bank?

That would be one option.

Another would be a Luxembourg domiciled investment fund - there are loads of those. You should have no difficulty finding a bond fund to invest in if you don't want to take the risk of investing in shares.

**DeadMansShoes** · 9 March 2010, 18:04

Opening a bank account in France is extermely difficult. I'm currently looking at Bank of Cyprus who have high interest Euro accounts.
I tried looking for those Luxembourg bonds but didn't know where to start. I got confused over thinking Eurobonds = Deposit Bonds but in Euros which I don't think is the case.

Euro Bonds / Savings