RBTT is not what we can call an Offshore Bank, but do offer "offshore accounts" for non residents, and since it is not an Offshore Bank, I believe that in case like that, any where, offshore accounts are not protected by the banksâ€™ insurance policy and that in case your depository bank abroad goes bankrupt all your savings will not be recovered. That's kinda part of the gamble of putting money in offshore accounts... Maybe try Anguilla, maybe they have a better protection but I am not sure... I remember the scandal of the Rasmal Bank in the early 90's. The bank was supposed to be an Offshore Swiss/libaneese bank, and was located in Front Street (where was also formerly located the Barclay's Bank). Many people had they money (that they were making on the side, off the book...) deposited in that bank so they would not be subject to taxes. One sunny monday morning, there was a line in front of the door, and people were wondering why nobody was opening the bank yet, that nobody was already behind the desk inside the building, and wondering why they were going to open late... Looking a little bit closer through the windows, they could have seen that the bank was empty... gone!... very few people were happy since they had loans to pay with that bank, a lot of people were in dismay since they had lost everything.
Not saying that the RBTT or the Windward I. B. is this type of bank, but just noting that it is always risky to use real "offshore" banks IMHO