Top Savings Rates For Expats – July

Here are the latest expat savings rates. Many expats can benefit from using offshore bank savings accounts.

They are useful for working in different currencies and for gathering interest without deduction of taxes.

See the article ‘British Expats – Do You Need An Offshore Bank Account?’

The best current offering for sterling offshore savers (with notice period) is Skipton International’s 1.25%, if you have £10,000 and can give 200 days’ notice of withdrawals.

If you can leave your savings untouched for three years. Skipton International offer 1.9% annually over this period for a £10,000 minimum. You can beat this rate if you leave your savings untouched for five years, Conister Bank offer 2% annually for a minimum of £5,000.

For dollars, Barclays Wealth pays 0.85% for $10,000 or more, with no notice.


The rates shown (C) are gross, i.e. with no tax deducted at source, and are ranked by the amount of notice of withdrawal (A) one has to give the bank without it applying an interest penalty (or for the length of term, for fixed-rate accounts), and by the minimum amount (B) left on deposit to qualify for that level of interest.

Rates are subject to change. Rates on the no-notice and notice accounts are variable; those on fixed rate accounts apply throughout the term shown. Data collated on 2 July 2018.

Source: Moneyfacts.


Bank    C
Sterling No Notice Accounts
Skipton International None £10,000 0.75%
Lloyds Bank International None £5,000 0.35%
NatWest International Instant £1 0.25%
Barclays Wealth Instant £1 0.25%
Sterling Notice Accounts
Skipton International 200 Day £10,000 1.25%
Skipton International 80 Day £10,000 1.00%
Standard Bank 196 Day £10,000 0.95%
Skipton International 40 Day £10,000 0.85%
Sterling Fixed Rate Accounts
Conister Bank 5 Year £5,000 2.00%
Skipton International 01.06.21 £10,000 1.90%
Skipton International 15.06.20 £10,000 1.80%
Skipton International 01.07.19 £10,000 1.60%
US Dollar Accounts
Barclays Wealth Instant $10,000 0.85%
Santander International 95 Day $50,000 0.70%
Santander International 31 Day $50,000 0.65%

Remember to check if an offshore bank account is right for you. See the article ‘British Expats – Do You Need An Offshore Bank Account’