Deposit Accounts

deposit accounts

A deposit account will act as a savings account and will enable the capitalization of your funds. The account conditions will vary depending on what jurisdiction you are interested in, the type of deposit account opened, and the banking institution opened with.

About Deposit Accounts

The account allows money to be deposited and withdrawn by the account holder. Some banks charge a fee for this service, while others may pay the customer interest on the funds deposited. With a range of offshore deposit accounts to choose from, you can earn interest on your surplus funds and be confident that your money is making a little bit of a difference every day.

Factors to consider when choosing an offshore deposit account:

  • What is the interest rate offered by the financial institution?
  • How easy will be access to your money held on deposit account?
  • Does your deposit account allow transaction facilities such as direct debits and standing orders and is there a charge for these services?
  • Do you have to  pay any interest retention tax  for the interest earned?
  • Will you have telephone and internet banking facilities?
  • Is there a minimum deposit required to qualify for that rate?
  • Is the interest rate fixed or variable?
  • Is the deposit for a fixed period?
  • If not, what notice is required to withdraw the money?
  • With a fixed-term deposit, what penalties must you pay if you want to take out your savings early?
  • How your deposit will be protected?

Why Open a Deposit Account with Starting Business

Every bank will likely have a package of deposit products. Our experience suggests that competitive rates are clearly important, but they need to be complemented by reliable service and access to expertise.

Starting Business will offer you a choice of investment alternatives within one account. Your money can be invested in any combination of terms – all attracting competitive interest rates. We will assist you to open a suitable deposit account with a reputable bank in a timely fashion.

Contact Us for further details.