The following are our responses to questions frequently asked of us. They are arranged under general headings. Scan the topics to find the issue YOU may be concerned about. If you don’t see what you are looking for, please email us at information@centurion-bank.com.

Why Go Offshore?

There is a fairy-tale perpetuated by the press and governments that people only go offshore for illegal purposes or to hide something. Wrong! Individuals and corporations have many reasons…all legitimate. Many well-known international corporations operate offshore subsidiaries, including banks, to maximize profit opportunities and describe those opportunities in their annual reports. We doubt that McDonalds, Merrill Lynch, or Coca Cola, for example, are into illegal activities.

We talk to our clients about why they decided to put some of their assets offshore. Here are some of the things they tell us:

• a quest for renewed personal privacy and confidentiality
• concerns for financial security for themselves and their families
• rampant litigation, predator plaintiffs and attorneys and runaway jury verdicts that can demolish the work of a lifetime in a few hours
• hidden and confiscatory taxes and red-tape from mediocre bureaucrats
• providing for retirement under their exclusive control
• protection of lump-sum pension or disability awards
• to benefit from higher earnings available offshore
• quest to keep funds in a more stable currency and economy

Everyone has their own reasons for going offshore. These are just a few of the comments we’ve heard. Do any of them fit you?

Is Offshore Banking For You?

It’s simple. If privacy, preservation and performance are important to you in your financial dealings, you should consider private offshore banking with Centurion International Bank.

If quality of service and a high level of individual attention are also important to you, all the more reason you should consider Centurion International Bank.

This quick checklist gives you the answer. Global Private Banking could enhance your financial assets and make your financial life easier if any of the following apply to you:

• You’re an expatriate
• You’re an international executive or professional
• You are now, or soon will be, living abroad
• You have business interests in more than one country
• You have property or investments in more than one country
• You need accounts in more than one currency
• You need a safe, secure offshore location for your money
• You want to preserve your wealth and minimize uncertainty from your financial future
• You’d like the exclusive, confidential service offered by a private bank
• You believe that international diversification is a sound financial strategy in today’s political and economic uncertainty
• You want to establish an effective way to transfer wealth to your heirs

If just one of the above statements applies to you, you should open an account with Centurion International Bank.

High Interest Rates

Centurion International Bank was formed to make high international earnings available to conservative investors.

By aggregating many smaller deposits, we are able to participate in bank pools, international funds, and private management accounts, which offer exceptional returns but also have very high investment thresholds (some as high as $400,000 minimum deposits). Many of these investments are privately insured (by Lloyds of London, for example) which guarantees the security of our funds.

Primarily, Centurion International Bank will take advantage of management’s extensive experience in the United States debt markets. Therefore, the vast majority of deposits are held in the United States dollar -- one of the most stable currencies in the world -- greatly reducing many of the potential risks of investing internationally.

As a private bank with minimal operating expenses we are able to pass these high yields to our depositors.

Why Nauru?

Nauru, a self-governing republic and an associate member of the British Commonwealth, is located in the Pacific Ocean southeast of Hong Kong and southwest of Hawaii. Nauru enjoys the highest standard of living of any of the South Pacific Island groups, Its official language is English, and it has a highly stable government that focused on creating a center to meet the financial needs of international investors and consequently is now one of the top money havens in the world.

The quality of Nauru’s banking legislation is excellent. Nauru has a very strict bank secrecy law, specifically prohibiting the disclosure of any information pertaining to any banking transactions, past or present. Violators face stiff fines and even jail.

Early Withdrawal Penalties?

We assess NO penalty for early withdrawal. There is an “opportunity loss” if the money is withdrawn early. Centurion will pay the appropriate interest rate for the actual period the money has been on deposit. That will be a slightly lower rate than if the deposit had gone to term.

For example, the annual interest rate for US$10,000 deposited for three years is 16%. That rate will be credited to the account quarterly, and shown on the statement sent to the depositor. If the depositor should withdraw the funds after 2 years, the rate will be adjusted to 14% (the two year rate). The depositor will have earned US$ 2,800 (14% for two years) instead of US$ 3,200. The final statement, which will be sent along with a cashier’s check, will explain the adjustment.

Thus, a depositor will never be penalized for early withdrawal. He will ALWAYS earn the interest rate shown on our Time Deposit Rate Schedule for the amount and the time period the money was actually on deposit. If the term is less than one year, the rate will be the same as the current account rate for the amount on deposit.

Centurion International Bank, however, does require 20 business days written notice for an early withdrawal from a Time Deposit Account and 10 business days from a Current Account.

Extended Deposits

Sometimes called “rollovers,” they occur at the end of a deposit period when the depositor elects to leave funds on deposit. Again, this can best be illustrated by an example: A depositor opens an account with US$ 10,000 for one year. The deposit carries a 10% rate. At the end of the year Centurion sends notification that the Time Deposit has come to term. If the depositor elects to extend the balance for another year then, for the second year, we will pay the two-year rate of 14% since we will have had the funds on deposit for two years at the end of this period.

Privacy

The Republic of Nauru was selected as our license location because of their very strict bank privacy laws. All officers, directors, employees, and contractors are pledged to abide by these laws, which forbid the release of any customer information to anyone except the customer. Nauru has no treaties with other nations, which would allow the release of customer information.

Judgments and liens against customers are not recognized and extremely unlikely to be presented since a creditor has no way of learning that a customer even has an account. We make no report of earnings or balances, except to the customer.