Offshore Business Banking
Find out more about offshore business banking...Offshore business banking could be just what you need if you are considering expanding to foreign shores.
Offshore business banking could save you and your company a lot of hassle, particularly if you need to transfer money between countries and currencies.
See a selection of personal offshore banking deals in the table below to give you an idea of the features that come with offshore business banking.
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* GROSS RATE – The contractual rate of interest payable before deduction of income tax at the rate specified by law.
** AER RATE – AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if it was paid and compounded once each year. As every advertisement for a savings product will contain an AER you can compare more easily what return you can expect from your savings over time.
Like other offshore accounts, perks of offshore business banking include:
- Interest payable gross allowing you to control taxes
- Accounts available in a number of currencies
- Easy transfers between accounts, currencies and countries