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Offshore bank account rates

16.06.2020 0

It used to be the case that standard savings accounts would pay interest only after tax had been deducted at the basic rate of 20%, while offshore savings accounts paid interest without deducting tax. Since April 2016, both standard and offshore savings accounts pay interest without any tax deducted. Opening an offshore bank account opens up a number of possibilities, from lower taxes to increased security to better interest rates. In this article, we outline the best countries in which to open an offshore bank account, their requirements for doing so, and what makes them so great.

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Nominal interest rate supply and demand

15.06.2020 0
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