Best Buy - Offshore Euro Savings Accounts

  - Compare offshore savings accounts that allow you to make deposits in Euros, and will pay you interest in that currency too.
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Compare the Best Euro Offshore Accounts

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AER Notice / Term Minimum Investment Search all 183 accounts
 


35 Day Notice
0.90%
35 Day €25000 Details...  


Euro Bonus Access Account Issue 2
0.65%
Includes a BonusSee Details
None €25000 Details...  


189 Day Notice
0.50%
189 Day €100000 Details...  


International Saver 196
0.40%
196 Day €25000 Details...  


Offshore Saver 96
0.35%
96 Day €25000 Details...  


Investec Horizon
0.25%
90 Day €50000 Details...  
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Last Updated: Friday 31 October 2014 00:21

Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to open an account today. Products shown with a yellow background are sponsored products.

Disclaimer:
All rates subject to change without notice. Please check all rates and terms before investing or borrowing.
 

What are offshore euro savings accounts? 

A euro savings account is simply an account that lets you pay in and earn interest in euros. These currency accounts are available from some UK banks and building societies, but are also available from offshore banks too.

Who might open an offshore euro savings account? 

  • EU nationals living and working in the UK or abroad
  • Those who own properties in Europe
  • Those working in the EU states and being paid in euros

The distinct advantage of having a savings account denominated in euros is that if it’s the currency your income is in; you don’t have to face foreign conversion charges, not to mention losing out if the exchange rate isn’t favourable.

Depositor protection schemes in crown dependencies

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.


Gibraltar
100% of the total of all qualifying deposits up to a maximum of €100,000 via the Gibraltar Deposit Guarantee Scheme.

Guernsey
First £50,000 per individual claimant per licensed institution via the Guernsey Banking Deposit Compensation Scheme.


Isle of Man

Depositors' compensation scheme (DCS) that compensates up to £50,000 of net deposits per individual depositor.

Jersey
Depositor's Protection Scheme. Individual depositors are protected up to £50,000 per person per Jersey Banking Group.

Find out where an offshore bank is registered, and the relevant compensation scheme in our depositor protection scheme guide.

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