Best Buy – Notice Period Offshore Accounts

  - Compare offshore accounts that require you to serve a certain notice period before being able to make a withdrawal.
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Compare the Best Notice Period Offshore Accounts

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AER Notice / Term Minimum Investment Search all 191 accounts
 


International Investor 150
1.75%
150 Day £10000 Details...  


International Investor 100
1.50%
100 Day £10000 Details...  


Bonus 95 Account Issue 6
1.45%
Includes a BonusSee Details
95 Day £25000 Details...  


35 Day Notice
1.40%
35 Day £25000 Details...  


90 Day Notice
1.40%
90 Day £25000 Details...  


International Saver 196
1.40%
196 Day £25000 Details...  
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Last Updated: Sunday 21 September 2014 09:04

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 notice period offshore accounts? 

Offshore notice accounts require you to tell the bank in advance of making a withdrawal. In return the offshore bank may offer a higher rate of interest than you would get on an easy access savings account.

The length of notice you need to give to access your savings will depend on your specific account. If you can’t wait the length of the notice period to access your money, you may be able to get at it earlier by paying an interest-based penalty.

Offshore savings accounts tend to pay higher interest rates the more money you can put into them, with the majority of the best buys needing a minimum investment of £5,000 to open an account.

Moneyfacts.co.uk best buy notice period 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.

Offshore depositor protection schemesMoney held offshore doesn't fall under the UK Financial Services Compensation Scheme, even if your bank is a subsidiary of a UK bank or building society. However, depending on where the offshore bank is you might be protected by that jurisdiction's depositor protection scheme.

Depositor protection schemes in crown dependencies

Depositor protection in Gibraltar
Gibraltar
100% of the total of all qualifying deposits up to a maximum of €100,000 via the Gibraltar Deposit Guarantee Scheme.
Depositor protection in Guernsey
Guernsey
First £50,000 per individual claimant per licensed institution via the Guernsey Banking Deposit Compensation Scheme.

Depositor protection in the Isle of Man
Isle of Man

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