Best Offshore Savings Accounts

Working abroad? Planning your retirement? Or just looking for somewhere safe to store your money? Find the best offshore expat savings account below

Build up your wealth in an offshore expat savings account. Below are a list of offshore savings accounts for expatriates in current best buy tables. Rates are correct as at 1st July 2008. There are a range of offshore deposit accounts to suit different needs. However if you have moved abroad to work or live you will find that using an offshore account will get you preferential savings rates and can offer helpful services like multi-currency cards.

PLEASE BE AWARE THAT WHILE WE DO ARE BEST TO KEEP THESE OFFSHORE SAVINGS TABLES UP TO DATE, RATES WILL VARY AND YOU SHOULD ALWAYS CONFIRM THESE RATES ARE CORRECT WITH OFFSHORE ACCOUNT PROVIDERS BEFORE OPENING ANY EXPAT ACCOUNT.

Read more about how to get the best offshore savings and deposit accounts in our guide to offshore savings.

No Notice Accounts

Company	Account	Notice or Term	Deposit	Gross	AER	Interest Paid
Kaupthing Singer & Friedlander (IOM)	Kaupthing Edge - Savings	None W	£1,000	6.65%	6.86%	Mly
Kaupthing Singer & Friedlander (IOM)	Platinum Offshore Access	None I	£10,000	6.40%	6.40%	Yly
Alliance & Leicester International	eSaver Offshore Issue 2	None W	£15,000	6.25%	6.25%	Yly
Nationwide International	Base Rate Tracker Premium	None	£25,000	6.25%	6.25%	Yly
Scarborough Channel Islands	Lifestyle Fifty-Plus	None S	£5,000	6.20% *	6.15%	Yly
Landsbanki Guernsey	International Access	None	£10,000	6.16%	6.16%	Yly

* = Introductory rate for a minimum of 6 months. I = Operated by Internet, Post or Telephone. OM = Interest paid on maturity. S = Available to those aged over 50. W = Operated by Internet

Notice Accounts

Company	Account	Notice or Term	Deposit	Gross	AER	Interest Paid
Kaupthing Singer & Friedlander (IOM)	Platinum Offshore 90	90 Day I	£10,000	6.82%	6.82%	Yly
Kaupthing Singer & Friedlander (IOM)	Platinum Offshore 32	32 Day I	£10,000	6.72%	6.72%	Yly
Kaupthing Singer & Friedlander (IOM)	Platinum Offshore 60	60 Day I	£10,000	6.65%	6.65%	Yly
Anglo Irish Bank Isle of Man	Privilege 90	90 Day	£5,000	6.60%	6.60%	Yly
Anglo Irish Bank Isle of Man	Privilege 30	30 Day	£5,000	6.50%	6.50%	Yly
Landsbanki Guernsey	International Tracker 90	90 Day	£10,000	6.36%	6.36%	Yly

I = Operated by Internet, Post or Telephone. OM = Interest paid on maturity.

Monthly Interest Accounts

Company	Account	Notice or Term	Deposit	Gross	AER	Interest Paid
Kaupthing Singer & Friedlander (IOM)	Kaupthing Edge - Savings	None W	£1,000	6.65%	6.86%	Mly
Anglo Irish Bank Isle of Man	Privilege Income	7 Day	£5,000	6.25%	6.43%	Mly
Kaupthing Singer & Friedlander (IOM)	Base Rate Tracker Access	None I	£10,000	6.25%	6.43%	Mly
Kaupthing Singer & Friedlander (IOM)	Base Rate Tracker 180	180 Day I	£10,000	6.20%	6.38%	Mly
Bradford & Bingley International	Reward Saver	90 Day	£100,000	6.20%	6.38%	Mly
Alliance & Leicester International	eSaver Offshore Flexible Income Issue 1	60 Day W	£25,000	6.17%	6.35%	Mly

I = Operated by Internet, Post or Telephone. OM = Interest paid on maturity. W = Operated by Internet.

Fixed Rate Accounts

Company	Account	Notice or Term	Deposit	Gross	AER	Interest Paid
Landsbanki Guernsey	Fixed Rate Bond	1 Year Bond	£10,000	7.00%	7.00%	OM
Kaupthing Singer & Friedlander (IOM)	1 Year Fixed Term Bond	1 Year Bond	£10,000	6.95%	6.95%	OM
Bank of Scotland International	Fixed Rate	6 Month Bond	£10,000	6.76%	6.87%	OM
Kaupthing Singer & Friedlander (IOM)	2 Year Fixed Term Bond	2 Year Bond	£10,000	6.66%	6.66%	Ann'sry
Kaupthing Singer & Friedlander (IOM)	3 Year Fixed Term Bond	3 Year Bond	£10,000	6.55%	6.55%	Ann'sry
Kaupthing Singer & Friedlander (IOM)	5 Year Fixed Term Bond	5 Year Bond	£10,000	6.32%	6.32%	Ann'sry

F = Fixed Rate OM = Interest paid on maturity.

CURRENT ACCOUNTS

Company	Account	Notice or Term	Deposit	Gross	AER	Interest Paid
Clydesdale Bank International	Current	None	£2,500	3.89%	3.96%	Mly
Royal Bank of Canada (CI)	Executive Plus	None	£50,000	3.50%	3.56%	Mly
Abbey International	Offshore Gold	None	£50,000	3.20%	3.24%	Qly
Bank of Scotland International	Flexible Plus Current	None	£5,000	3.00%	3.04%	Mly
Fairbairn Private Bank	Reserve	None	£5,000	2.50%	2.52%	Qly
Standard Bank	Optimum	None	£50,000	2.50%	2.52%	Qly

OM = Interest paid on maturity.

Deferred Interest Accounts

Company	Account	Notice or Term	Deposit	Gross	AER	Interest Paid
Kaupthing Singer & Friedlander (IOM)	Platinum Offshore Access	None I	£10,000	6.40%	6.40%	Yly
Bradford & Bingley International	Reward Saver	90 Day	£100,000	6.40%	6.40%	On Closure
Nationwide International	Base Rate Tracker Premium	None	£25,000	6.25%	6.25%	Yly
Scarborough Channel Islands	Lifestyle Fifty-Plus	None S	£5,000	6.20% *	6.15%	Yly
Scarborough Channel Islands	Lifestyle Notice 28	28 Day	£5,000	6.15%	6.15%	Yly
Irish Permanent International	International 30	30 Day	£10,000	6.15%	6.15%	Yly

* = Introductory rate for a minimum of 6 months. I = Operated by Internet, Post or Telephone. OM = Interest paid on maturity. S = Available to those aged over 50.

Euro Accounts

Company	Account	Notice or Term	Deposit	Gross	AER	Interest Paid
Kaupthing Singer & Friedlander (IOM)	Kaupthing Edge - Savings	None	€1,500	5.00%	5.12%	Mly
Anglo Irish Bank Isle of Man	Privilege 90	90 Day	€5,000	4.90%	4.90%	Yly
Kaupthing Singer & Friedlander (IOM)	Platinum Offshore 180	180 Day	€15,000	4.80%	4.80%	Yly
Investec Bank (CI)	Investec Horizon	90 Day	€50,000	4.75%	4.84%	Qly
Kaupthing Singer & Friedlander (IOM)	Platinum Offshore 90	90 Day	€15,000	4.70%	4.70%	Yly
Anglo Irish Bank Isle of Man	Privilege 7	7 Day	€5,000	4.55%	4.55%	Yly

OM = Interest paid on maturity.

US$ ACCOUNTS

Company	Account	Notice or Term	Deposit	Gross	AER	Interest Paid
Kaupthing Singer & Friedlander (IOM)	Kaupthing Edge - Savings	None	US$2,000	4.55%	4.65%	Mly
Alliance & Leicester International	US Dollar 30	30 Day	US$100,000	4.40%	4.40%	Yly
Kaupthing Singer & Friedlander (IOM)	Platinum Offshore 180	180 Day	US$20,000	4.35%	4.35%	Yly
Kaupthing Singer & Friedlander (IOM)	Platinum Offshore 90	90 Day	US$20,000	4.30%	4.30%	Yly
Kaupthing Singer & Friedlander (IOM)	Platinum Offshore Access	None	US$20,000	4.25%	4.25%	Yly
Alliance & Leicester International	US$ Savings	None	US$100,000	4.10%	4.10%	Yly