Investing your money in an easy access offshore account is great if you need frequent and immediate ... More
Alliance & Leicester International has reviewed its offshore fixed rate portfolio, with the new 18 m... More
The Co-operative Bank has increased the rates paid on a number of its offshore bond accounts. ... More
Nationwide International has bettered the rate offered on its no notice offshore account, making it ... More
Alliance & Leicester International has markedly improved the rates paid on two of its offshore accou... More
Offshore savings accounts are savings accounts which are run from the Channel Islands or the Isle of... More
Offshore easy access savings accounts are suitable if you might need your cash at little or no notice, but wish to keep your money outside of the UK.
The best rates normally require a reasonable savings pot (of £5,000+) to be deposited, with many offshore accounts paying higher interest rates the more you save into them.
Some accounts have an interest rate that is comprised of an introductory bonus. If you select one of these accounts, be aware that this bonus will drop off after the initial period (typically 12 months) so be prepared to shop around again at this time.
Moneyfacts.co.uk best buy easy access offshore accounts are denominated in sterling. You can find the best accounts denominated in Euros or US dollars by viewing our Euro and US Dollar best buys, or by using our search.
Remember that money held in offshore accounts isn’t subject to the UK Financial Services Compensation Scheme (although depending on where the offshore bank is you might be protected by an alternative depositor protection scheme).
Isle of Man
Find out where an offshore bank is registered, and the relevant compensation scheme in our depositor protection scheme guide.