Thursday, March 20, 2008 offers simple, comprehensive and up-to-date information on interest rates for savers

What Company Is Offering: offers simple, comprehensive and up-to-date information on interest rates for savers, updating daily over 3,500 current international & British Bank & Building Society deposit account interest rates.

Choose UK, or offshore, savings account rates using the red buttons and follow the simple instructions for your instant, personalised list of relevant savings account interest rates.

How It Works:

Simply enter how much you want to save and for how long you can invest your cash. Then click the button below for your customised list of relevant offshore accounts. Of course high rate savings accounts appear higher in the list. See specimen reports for US Dollars, Euros, and Pounds Sterling. We even include a selection of interest rates for money market accounts - money market rates typically change from day to day.

Choose UK bank and building society accounts for interest rates on savings accounts from major UK banks and building societies, or just those with the highest credit ratings. The range of UK building societies is much greater than offshore. With a few exceptions you need to be UK resident to open a savings account in the UK. Unlike offshore savings accounts, UK banks and building societies routinely deduct full UK tax at source.

Choose Offshore savings accounts if you are an expat, senior, retired pensioner or just prefer your savings interest paid without full deduction of tax. Such savings accounts are typically offered in tax havens like the Channel Islands, Isle of Man, Bahamas, Bermuda, Cayman Islands and British Virgin Islands; in some EU countries such as Belgium, Eire (Ireland), Gibraltar, Lithuania, Luxembourg etc; and more recently in countries such as India, Russia, Singapore and even the Cook Islands. Although EU residents should be able to open bank accounts in any EU State, most UK expats, at least, must use offshore savings accounts since many UK banks or building societies will not open savings accounts for expats as new customers. EU residents may well be affected by the European Savings Tax Directive.

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