Anglo Irish’s offshore offers - Offshore savings - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Anglo Irish’s offshore offers

Anglo Irish’s offshore offers

Category: Offshore savings

Updated: 09/03/2009
First Published: 06/03/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Anglo Irish Bank Corp. has increased the rate of interest on two of its offshore accounts, as well as introducing a new product to the market.

Consumers with three month privilege fixed interest accounts will benefit from a market leading rate of 4.50% (up 0.25%), while comparable twelve month accounts now offer rates of 5.00% (up 0.40%).

The bank has also announced a six month fixed term account, which requires a minimum payment of £5K, paying 4.75% on maturity. Consumers can access 20% of capital without penalty and additions are at managers' discretion.

All three bonds lead the way in their respective markets and the increases in rates, as well as a six month option, represents good news for investors looking to move their funds offshore. A degree of access and a low minimum payment will also curry favour.

The products have been awarded four out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

International money transfer – points to remember

International money transfer can be vital to the success of your work or home life abroad, but if you don’t go about it the right way, you could spend far more than you need to. So, we’ve outlined a few points to remember.

How to be savings savvy as an expat

If you’ve decided to take the plunge and start a new life abroad, there’s one key thing you need to do – make sure your finances are in order.

Expats suffering from low savings rates

If you thought savings rates onshore were bad, spare a thought for expats living elsewhere – because their rates are even worse.