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Interest rates are miserable at best for most accounts offshore, and with some onshore banks paying more, savvy expats are voting with their feet.

www.telegraph.co.uk

If you take the bonuses out of the onshore bank rates, there is very little difference when compared with the offshore ones.

www.telegraph.co.uk

Some offshore banks charge less and some pay more interest than onshore banks.

www.shelteroffshore.com

This is also being shown to be the case with some major onshore banks that hold accounts for offshore companies.

www.nytimes.com

It also claims to have better exchange rates than the onshore banks.

www.telegraph.co.uk