I have been trying to find on the web how much interest banks in Cyprus pay on savings accounts. Bank of Cyprus and others I found seem to be too shy about what they pay to publish the information. Anybody have any information please?
In the UK, interest rates have just gone up 0.25% but before that, the average instant access account paid 4.8% and a few accounts 5.2% and 5.4% with 5.8% available if you bought a 1 year bond.
If rates in Cyprus are low, I suppose the alternative is to open an off shore UK account