By placing an alternative investment into offshore banking, you can make sure your hard earned money is unaffected by an economy crash or rising rates. It’s especially useful if you plan on becoming a home owner outside of your country and the money you set aside will maintain its worth. In places like Switzerland, Luxembourg and the Channel Islands, the tax rates are so low that an alternative investment into a bank within these locations would be perfect for saving your money and not losing a substantial amount due to income or luxury tax rates. Some offshore banks will also offer higher interest rates on your dollar than your home country would.
Compare the Best Offshore Banking Providers for 2018
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