A gap of 0.89% between the returns on European offshore savings accounts and the European Central Bank (ECB) rate has been identified in Investec Private Bank's Euro Offshore Savings Index.
On 31 October 2006 the average return on the euro offshore savings accounts reviewed was 2.36% gross interest which was 0.89% below the ECB rate of 3.25%. By 31 January 2007, the corresponding figures were 2.61% gross interest and 3.50%, a difference of 0.89%.
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress