International Offshore Banks

[mark45y]

Are there any international offshore banks with multi currency savings accounts or term deposit accounts that pay interest on THB and CHF? And if so what is the current interest rate?

Thank you

[Naam]

multinational banks in Singapore which pay interest on THB and CHF, (excerpt only as there might be others):

-Credit Suisse

-UBS

-EFG

-Julius Baer

-Clariden

-Deutsche Bank

-BNP Paribas

-Moscow Narodny

-all of them pay in line with international rates a pittance, interest rates fluctuate daily and are based on maturities.

-except for BNP and Moscow Narodny it does not make sense to contact any of the afore-mentioned banks if your financial assets are less than CHF/USD five million.

-the "multi currency account" is a window dressing and client bullshitting invention of HSBC, Hong Kong. any bank offers with the establishment of a portfolio any number of currency accounts as long as these currencies are freely convertible. restrictions (established by the Bank of Thailand) apply on daily trading volume of THB.

-some of the multinational banks in Singapore do not have MAS permission to keep SGD cash deposits. yield bearing assets denominated in SGD are allowed but SGD yields have to be converted immediately on value date after being received.

[mark45y]

multinational banks in Singapore which pay interest on THB and CHF, (excerpt only as there might be others):

-Credit Suisse

-UBS

-EFG

-Julius Baer

-Clariden

-Deutsche Bank

-BNP Paribas

-Moscow Narodny

-all of them pay in line with international rates a pittance, interest rates fluctuate daily and are based on maturities.

-except for BNP and Moscow Narodny it does not make sense to contact any of the afore-mentioned banks if your financial assets are less than CHF/USD five million.

-the "multi currency account" is a window dressing and client bullshitting invention of HSBC, Hong Kong. any bank offers with the establishment of a portfolio any number of currency accounts as long as these currencies are freely convertible. restrictions (established by the Bank of Thailand) apply on daily trading volume of THB.

-some of the multinational banks in Singapore do not have MAS permission to keep SGD cash deposits. yield bearing assets denominated in SGD are allowed but SGD yields have to be converted immediately on value date after being received.

Thank you very much Naam

[george]

HSBC International: http://www.thaivisa.com/hsbc