Advertisements:
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 savings accounts that pay monthly interest are perfect if you use your savings to supplement your income.
Generally-speaking, offshore accounts tend to pay a higher interest rate, and therefore a higher income, the larger the amount you pay in.
All of the savings accounts in this best buy table are variable rates, with the best-paying usually requiring you to give notice if you need to make a withdrawal. But if you can do without access to your savings for a year or more, you might find that an offshore fixed rate bond will pay a higher income. Use our offshore savings search to find the best fixed rate accounts that pay interest monthly.
Moneyfacts.co.uk best buy fixed rate offshore accounts are denominated in sterling. You can find the best accounts denominated in euros or US dollars by using our offshore savings search.
Funds kept offshore don't fall under the UK Financial Services Compensation Scheme, even if your bank is a subsidiary of a UK bank or building society. Depending on where the bank is licenced you might be protected by a scheme in that jurisdiction.
Isle of Man
Find out where an offshore bank is registered, and the relevant compensation scheme in our depositor protection scheme guide.