Nomad Capitalist: How to Reclaim Your Freedom with Offshore Bank Accounts, Dual Citizenship, Foreign Companies, and Overseas Investments

by Andrew Henderson

New Zealand bank accounts currently pay up to ten times the interest that American banks do. If you are more adventurous, there are emerging market currencies that offer interest rates as high as 18%. The key is to know which ones are good and which ones to avoid. In some cases, you do not even have to sell your US dollars or euros to profit. Several foreign banks pay 5-6% annual yields on US dollar accounts if you do not want to invest in foreign currencies. Banks in financial centers like Hong Kong, Singapore, and Andorra offer as many as 12-15 currencies, all in one account. You can easily sell your dollars and buy pounds, euros, or renminbi at any time. An offshore bank account is an excellent way to get exposure to emerging currencies and profit from global financial trends.