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PMT Forum's MOST POPULAR Discussion Boards => Banking / Insurance / Credit Cards => Topic started by: razzy on Dec 15, 2014, 09:50 AM

Title: offshore banking
Post by: razzy on Dec 15, 2014, 09:50 AM
Saw this while researching something:
I suppose, due to location, this is already considered offshore banking? I don't know if that term implies status as a tax haven or simply any intl banking.  Are Pinoys allowed to or is it easy to avail of their savings instruments for better interest rates? Not that I have extra funds, but it was an interesting FYI to see how low our rate are compared to other Asian banks. I don't know if that a good sign or not that our rates are far from Malaysia and Indonesia/close to Taiwan?