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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.
