Compare Offshore Accounts

OFFSHORE SAVINGS ACCOUNTS

Below is a representative selection of the most popular savings providers used by British expatriates. Please read our article Guide on How to Compare Offshore Accounts before using. We have also teamed up with Moneyfacts, which lists additional providers. Unless otherwise stated you will be able to access your account by post, telephone or online. *AER illustrates what your interest return would be if you allow your cash and interest to roll up until the end of the year or term. Where possible we have included accounts offering fixed rather than variable rates. We have not included accounts which have limited offers and the provider may also offer different accounts over different time periods with better rates not listed. Click on Offshore Savings to return back to that section or alternatively press the Home button above. If there is a savings institution you would like more information about, then contact us and let us know.

-  Instant Access

- 6 month rates

- 1 year rates

- 3 year rates

Rates correct as at 10/04/12

3 Year Rates Back to Top
Name of A/c Interest Rate (AER*) Min/Max Deposit Currency Options Interest Rate Monthly or Annual Fees/Withdrawal Notes What to Watch Out For Our Opinion Contact
HSBC International Fixed Deposit 1.00% £5K 14 currencies End of term £250 handling fee plus charges for early withdrawal. No partial withdrawals allowed. At the end of the term you will automatically be rolled over into a fixed term deposit of similar term unless you give instructions to the contrary. If you are a Premier customer you get preferential rates and services. Great currency choice and relatively low minimum investment. . Slightly higher rate available of 1.05% if you are already a HSBC Premier Service client. However if you are not already a customer then relationship balance of £25K for Advance service or £60K for Premier service applies www.offshore.hsbc.com
Halifax International Fixed Rate Web Saver 3.00% £1K-£1m Sterling End of term No withdrawals. Emergencies considered after 6 months but penalties will apply. Online and telephone banking only. Need to give 5 working days' notice prior to end of term if you wish to reinvest in another fixed rate account. Otherwise money automatically transferred into sterling variable rate web saver account opened at the same time. Excellent rate for existing savers and very low minimum investment. Accounts now closed to new savers, who will be directed to Lloyds TSB Offshore. www.halifax-international.com
Nationwide International Lifetime Guarantee 3 2.90%-3.30% £5K-£2m Sterling End of term No withdrawals during term of the account, after that up to 6 free withdrawals per year. At the end of the term the rate will revert to 0.30% below the Bank of England base rate. Good rate over 3 years. Top rate of 3.30% only payable on balances over £50K. www.nationwideinternational.com
Lloyds TSB-Offshore Fixed Term 3.50% £10K-£5m Sterling  Annually No withdrawals before end of term New customers need a gross annual income of £50K or a minimum of £25K to invest within 3 months of opening the account. Reasonable rates but fairly stiff minimum balance, also restrictions apply. www.lloydstsb-offshore.com
1 Year Rates   Back to Top
  Interest Rate (AER*) Min/Max Deposit Currency Options Interest Paid Monthly or Annual Feees/Withdrawal Notes What to Watch Out For Our Opinion Contact
Anglo Irish Privilege Fixed Interest 3.30% £5K Sterling, dollar and euro End of term   Deposits not accepted from many African countries as well as Oman As a pure deposit taker, Anglo doesn't offer the frills of other providers but offers decent rates. It is being restructured and will be owned by the Irish Minister of Finance. www.angloirishbank.co.im

Nationwide International

Lifetime Guarantee 1 Account

 2.60%-3.00% £5K-£2M Sterling End of Term During the first year of the account additional deposits and withdrawals are not permitted. After that you can make as many deposits as you require (subject to the maximum balance allowed on the account) and have easy access to your funds with up to 6 penalty free withdrawals per financial year. Further withdrawals in the same financial year incur a 30 day interest penalty on the amount being withdrawn At the end of 12 months, the rate is guaranteed to pay 0.30% below the Bank of England base rate until 31 March 2012. Following this, for the remaining lifetime of the account, your rate is guaranteed never to be lower than 1.00% below the Bank of England base rate. Great rate for those able to tie up their money for 12 months. Higher rate payable on balances above £50K www.nationwideinternational.com
Halifax International Fixed Rate Saver 2.50% £1K-£1m Sterling End of term No withdrawals. Emergencies considered after 6 months but penalties apply. Need to give 5 working days' notice prior to end of term if you wish to reinvest in another fixed rate account otherwise automatically transferred into sterling variable web saver account. Great rate for savers with lower balances and few restrictions. Account now closed to new savers. www.halifax-international.com
Lloyds TSB-Offshore Fixed Term 2.50% £10K-£5m Sterling Annually No withdrawals before end of term. New customers need a gross annual income of £50K or a minimum of £25K to invest within 3 months of opening the account. Will attempt to contact you before end of term but if they are unable to do so and don't hear from you, you will automatically be rolled into a similar account. Reasonable rates but fairly stiff minimum balance, also restrictions apply. www.lloydstsb-offshore.com


6 Month Rates Back to Top
Name of A/C Interest rate (AER*) Min/Max Deposit Currency Options Interest Paid Monthly or Annual Fees/Withdrawal Notes What to Watch Out For Our Opinion Contact
Halifax International Fixed Rate Web Saver 1.00% £1K-£1m Sterling End of term No withdrawals. Online and telephone banking account only. At end of term money transferred into sterling variable rate web saver account which is opened at the same time. Need to give bank 5 working days' notice prior to end of term if you wish to reinvest in another fixed interest rate account. Good rate for savers with lower balances. Account closed to new savers, who are directed to Lloyds Bank Offshore. www.halifax-international.com
Santander Offshore Notice Account 180 0%-0.35% £5K Sterling End of term Can withdraw up to 20% of balance or give 180 days' notice penalty free per year.
Interest rates don't kick in until £100K.		 For lower balances, instant access offers better rates. Also much better rate of 2.00% available if you are a premium banking customer although higher min balance of £50k required. www.santanderpb/je



Instant Access Back to Top
Name of A/c Interest Rate (AER*) Min/Max Deposit Currency Options Interest Paid Monthly or Annual fees/Withdrawal notes What to Watch Out for Our Opinion Contact
Anglo Irish Privilege Demand Account 2.70% £5K-£250K Sterling, euro, dollar March   Doesn't accept deposits from many countries in Africa and Oman. As a pure deposit taker Anglo Irish International doesn't offer the frills of other providers, but offers a good rate. Currently being restructured as now owned by Irish Ministry of Finance. www.angloirishbank.co.im
Lloyds TSB Offshore International Bonus Saver 0.60%-2.00% £5K Sterling and euro Monthly or annually.   New customers need a gross annual income of £50K or a minimum of £25K to invest within 3 months of opening the account. Highest rate only paid on balances in excess of £100K, not so good for lower balances. www.lloydstsb-offshore.com
Santander Instant Access Savings Account 0%-0.85%   £3K Sterling  Monthly or annually.  Up to 6 penalty-free withdrawals per year.  You will need a minimum of £50K to invest although this can be split across products. Interest rate of 0.10% doesn't kick in until balance reaches £10K. Lower AER if you opt for monthly interest. Top rate only paid on balances of £1m. Better deals available going through their premium service.   www.santanderpb/je

Bradford & Bingley International Offshore Access


 1.00% £5K-£100K Sterling Annual, Monthly interest options No restrictions on access. Minimum transaction amount of £250. Decent rate for such a low minimum balance. Soon to lose the name of BBI as it rebrands to Alliance & Leicester Int www.bbi.co.im
Alliance & Leicester E-Saver Offshore (Issue 3) 1.00%  £5K-£100K  Sterling  Annually Min withdrawal£250.  Internet only account. Simple account and ok rate for the size of minimum balance. www.alil.co.im 
Halifax International Variable Web Saver 1.00%-1.40%  £1K-£1m Sterling  Annually in December.    Online and telephone banking only for this account. Available to existing customers only. New customers directed to Lloyds TSB Offshore.  Rising rates offered from £1K, good flexibility and few restrictions.  www.halifax-international.com 
Nationwide International Instant Access 0.10%-0.20%  £1-£2m Sterling  Monthly or annually in March.   Monthly interest option requires maintaining minimum balance of £1K.  Scores on simplicity and lowest minimum deposit. One of the few deposit takers left that will take £1 as an initial deposit! www.nationwideinternational.com 
NatWest Reward Reserve  0.10%-0.30%  £2K  Sterling  Quarterly or annually.    Can achieve a bonus for not falling below minimum balance and not making more than 3 withdrawals per year, otherwise lower rates apply.  Good incentive that you can earn extra interest by limiting withdrawals and keeping your balance above £2K. 

www.natwestinternational.com