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.
The best current offering for sterling offshore savers (with notice period) is Skipton International’s 1.75%, if you have £10,000 and can give 250 days’ notice of withdrawals.
If you can leave your savings untouched for three years, Skipton offer 2% annually over this period for a £10,000 minimum. You can match this rate if you leave your savings untouched for five years, Conister Bank also offer 2% annually for a minimum of £5,000.
For dollars, Standard Bank pays 1.20% for $10,000 or more, with 196 days’ notice.
Download the latest rates here:
Remember to check if an offshore bank account is right for you. See the article ‘British Expats – Do You Need An Offshore Bank Account’.