Jcc Posted March 22, 2005 Share Posted March 22, 2005 Does anyone have any experience of a PEL and CEL? I opened a compte etranger bank account in St Tropez branch of BNP Paribas - v helpful english speaking manager - in january prior to completing on my apartment there this June. I think it is a homebuyers savings account. I am not sure whether I need to have it. It is part of their Archipelago account Ithink. unfortunately my french isn't up to understanding it well enough! So before I contact the Manager again, I just wondered if anyone had any experience of BNP Paribas?Jcc Link to comment Share on other sites More sharing options...
Teamedup Posted March 22, 2005 Share Posted March 22, 2005 We had one of these accounts with the BNP many many years ago. Terrible interest rate and next to no advantages having it, well if you count the veiled threat that without it we wouldn't get a mortgage. Hopefully things have changed. We still have an account with them, but I do not like the BNP. Link to comment Share on other sites More sharing options...
Jcc Posted March 22, 2005 Author Share Posted March 22, 2005 Thanks for reply. I actually don't need the account to buy the apartment as am getting a mortgage through Abbey National France! So I don't understand quite why I'm being asked to open this type of account!Jcc Link to comment Share on other sites More sharing options...
Teamedup Posted March 22, 2005 Share Posted March 22, 2005 I don't know why they would ask you to do this either if you already have a mortgage organised. You need to find out how much interest they are paying and if there are any benefits in having this account. Maybe you need to shop around. Link to comment Share on other sites More sharing options...
Owens88 Posted March 23, 2005 Share Posted March 23, 2005 We have an abbey Fr mortgage and a CA Britline bank acount. Nobody ever mentioned a savings account.BTWWhat are 'savings' ? Link to comment Share on other sites More sharing options...
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