Re: Grand Cayman bank accounts. What\'s the catch?
A business acquaintance who actually lives in the Cayman Islands told me that there you *pay* interest, based on LIBOR, to have the bank hold your money for you. This was for a checking account, so the 18% offer you mention might be different.
In return, you get some unbelievable perks (kind of like Amex's "Black Card" on steroids).
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