We are offering clients the facility to place US dollar funds in an off-shore investment account with the bank which is currently paying a higher than average interest rate, completely tax free. Please check with us for the current rates. These rates are current as of December 1998. In order to open a High Interest Savings Account, it is necessary first to open a Secured Corporate Account or a Personal Privacy Account with our Bankers. Transfers of funds between different accounts within the Bank are free.
Interest is accrued on monthly basis and no more interest is drawn on accrued interest.
Alternatively a certified check can be made payable to our Bankers and sent directly to them. We will give further details on application.