Investors placing large deposits into offshore savings accounts are reaping the benefits of higher i...
Investors placing large deposits into offshore savings accounts are reaping the benefits of higher interest rates, according to the latest figures from Moneyfacts. Its Bestbuy list, shows most rates in the offshore market have been tiered to give better interest rates to higher depositors. Anthony Brand, marketing and business development manager at Singer & Friedlander International (S&F), said this was not uncommon with an increasing number of high-net- worth customers taking advantage of current market rates. Brand said the S&F base rate tracker 180-day £100,000 deposit offered 4.75...
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