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.
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.
Money 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.
Isle of Man
Find out where an offshore bank is registered, and the relevant compensation scheme in our depositor protection scheme guide.
Stay in the know with all the latest information, of-the-moment consumer trends, best-in-class products & providers and helpful tools from Moneyfacts.
International money transfer can be vital to the success of your work or home life abroad, but if yo... More
If you’ve decided to take the plunge and start a new life abroad, there’s one key thing you need to ... More
If you thought savings rates onshore were bad, spare a thought for expats living elsewhere – because... More
The Co-operative Bank has come under fire from just about every angle recently, and now it’s gone an... More
For many future retirees, the thought of spending their golden years in the sun is hard to ignore. B... More
Offshore savings accounts are savings accounts which are run from the Channel Islands or the Isle of... More
Skipton International Ltd has reduced the rates of two of its fixed offshore bonds, but despite this... More
Permanent Bank International has launched two new offshore bonds, one of which has stolen a coveted ... More
Permanent Bank International has launched a new issue of its popular 15 month offshore bond, which e... More
Skipton International has increased rates on its range of offshore savings accounts.... More
Nationwide International has amended rates on its variable rate US Dollar Bonus Access Account with ... More
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.