What is the interest rate for offshore savings accounts. I want to know about the Cayman Islands, Switzerland Banks,etc. And how often is the interest allocated, like in the states, most savings accounts are 9% a year.|||Ordinary savings accounts in Switzerland offer not more than 1% of interest, in Swiss Francs.
If you have an other currency, you'll get more.
There is a special "withholding tax at the source" of 35% on all interests earned in Switzerland, but there are several possibilities to get around this tax.|||Good luck with that one, but it is a BIG RED FLAG when you do your IRS income taxes to have off shore accounts. The moment you take money onshore from them, watch out.|||Offshore banks don't have to pay taxes so they usually don't. Interest rates vary widely
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