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Guernsey - Offshore Banking Centre 2009
From Offshore Savings Blog, 2 year ago, Read 0 times. Similar articles
Despite their reputation ten, maybe twenty years ago, stringent rules and the emergence of the Organisation for Economic Co-operation and Development means offshore banks are now considered an accessible and viable option for savers whether they are expats or not. For those looking for the best savings accounts in Europe, offshore finance has long been connected to areas such as the Isle of Man and Switzerland - but more recently, Guernsey has also established itself as a contender.While the...
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The changing face of offshore saving in Gibraltar
From Offshore Savings Blog, 2 year ago, Read 0 times. Similar articles
With the increasing popularity of the Isle of Man and the Channel Islands, the stereotype image of the offshore saver as wealthy retired expat has long been forgotten. That said, it is no secret that the sunny rock of Gibraltar just off the south coast of Spain is as popular with wealthy Brits as it ever has been ? but its image is changing, and the island is more unique than one might expect.Economic developments over the last year have caused much political focus on the on the operation of...
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Top Offshore Savings Rates - October 2009
From Offshore Savings Blog, 2 year ago, Read 0 times. Similar articles
Best rate at the time of writing for sterling balances in offshore banks comes from Halifax International, paying 3% for £2,500 or more deposited, with instant access.If you have £10,000 to salt away for five years and make no withdrawals, Clydesdale Bank International offers 5.1% a year.Anglo Irish Bank has the best rates for euros and dollars. 5,000 euros deposited pays 2.25%, with instant access; $5,000 on 90 days' notice pays 1.6%The rates shown (c) are gross, i.e. with no tax deducted at...
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Economy Set to Grow While Offshore Interest Rates Look to Stay Low
From Offshore Savings Blog, 2 year ago, Read 0 times. Similar articles
As was predicted in a recent Reuters poll, after a meeting on the 6th August the European Central Bank (ECB) have announced they will be keeping interest rates on hold at 1 percent. Holding the rates for the foreseeable future is seen to be good news for the European economy in general, but is also great for those with a keen eye on offshore interest rates currently.The ECB lowered its interest rate to 1 percent (its lowest rate in 11 years) in May this year, after moving it to 2.00 percent in...
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Isle of Man Economy Set to Improve by the End of 2009
From Offshore Savings Blog, 2 year ago, Read 0 times. Similar articles
As around 700 students collect their A-Level results on the Isle of Man, many will be considering their next step - either to apply for university on the mainland or to remain on the island and look for a job. Although the recession is not drawing many youngsters to the prospect of looking for work in the UK, recent developments within the unique Manx economy is causing some commentators to speak quite optimistically about the coming year.Of course much of the Isle of Man economy is centred...
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France - Expat destination for 2009
From Offshore Savings Blog, 2 year ago, Read 0 times. Similar articles
The phrase ?expat destination' tends to conjure up images of one way plane tickets to sub-equatorial paradise islands, or at the very least somewhere where the sun shines every day and an afternoon nap is obligatory. Yet, in the latest poll by halifax-international.com, the most popular destination for British expats is France (with 16 percent of Brits deciding to move there) ? a destination that, without deeming it unexciting, is perhaps a little more predictable than I expected.Yet, of...
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Short Guide to Offshore Banking in 2009
From Offshore Savings Blog, 2 year ago, Read 0 times. Similar articles
As we continue through recessionary times, 2009 seems a very unlikely year for many of us to consider depositing our savings into an offshore bank account. However, with speculations abound that a brighter financial future may already be in sight, offshore financial centres are earning a cleaner reputation than they ever have done - and deservedly so. With the continued work of the OECD and other developments in the sector, offshore banking could be argued to be more necessary today than it...
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Expat Offshore Savings - Funds for Retirement
From Offshore Savings Blog, 2 year ago, Read 0 times. Similar articles
As an expat (expatriate) you are in a privileged savings and investing position. Make the most of the options available to you while you can, consider investing offshore for your retirement. While you reside overseas you are legally entitled to make use of any tax savings in the country in which you reside, furthermore you are most likely in a position to save and invest offshore to fund and fuel your retirement.Not enough expatriates make use of their offshore advantage when living and working...
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Guide to offshore banking in 2010
From Offshore Savings Blog, 1 year ago, Read 0 times. Similar articles
2010 is set to be significant year for the respective banking industries of many countries around the world. In the UK customers look set to find the best savings deals, and banks are predicted to make moves to re-establish trust with savers more eager to switch to new accounts and new providers. So how is the offshore savings sector likely to change'For savers in the UK, the Bank of England base rate looks likely to remain at the historically low 0.5 percent for a good few months yet, with...
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