There is a lot of things that you should know if you’re new to compte offshore or the offshore banking concept, offshore banking saves you a lot of trouble as it doesn’t require much information for banking activities, it allows you to open a secret account, and can also prevent you from paying taxes on your savings, but in return the interest rates in offshore banks is pretty low as it’s a tradeoff between the money they would give you for saving money with them and the services they have to offer that would save you a lot of money and effort and revealing confidential information.