Compare the best monthly interest offshore savings with moneyfacts.co.uk

Best Buy – Monthly Interest Offshore Savings Accounts

  - Compare offshore savings accounts that pay interest monthly (great if you use your savings interest to boost your income).
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Compare the Best Monthly Interest Offshore Accounts

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AER Notice / Term Minimum Investment Search all 167 accounts
 

0.75%
None £10000 Details...
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0.25%
None £1 Details...  

0.20%
Includes a Bonus
See Details
None £5000 Details...  

0.05%
None £1 Details...  

0.05%
None £1 Details...  

0.05%
None £100000 Details...  
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Last Updated: Thursday 8 December 2016 17:26

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.
 
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What are monthly interest offshore accounts? 

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.

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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