Offshore Savings Accounts

Choose a type of savings account to compare from the list below

Compare offshore savings

	Account	Interest (AER) The account’s Annual Equivalent Rate: shows the interest you will earn over a year as a percentage. If interest is paid monthly, this rate will be higher than the gross interest rate (as the interest will be compounded).	Interest Paid This shows how often the interest is calculated and paid.	Account Type / Term Type of savings account and length of account term (if applicable).	Account Access Online - Access via internet banking. Telephone - Access via telephone banking. Branch - Access via your local branch. Post - Postal access.	Min / Max Balance Some accounts have minimum and maximum balances. If the account holder’s balance falls outside these limits they may be subject to interest penalties or account closure.
	Barclays Wealth 12 Month Deposit Account Limited period offer	2.00%	On Maturity	Fixed Term / 1 Year	OnlineTelephoneBranchPost	£10,000 - No limit	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit £10,000 Minimum Age 18
	Lloyds TSB International 5 Year Fixed Term Deposit Account Offshore Savings Account available to non-UK Residents	2.00%	Yearly	Fixed Term / 5 Years	OnlineTelephoneBranchPost	£10,000 - £5,000,000	MORE INFO Read this before you proceed. This is an Offshore Savings Account To qualify for this product you need to meet the following criteria. Minimum Deposit £10,000 Permanent UK Resident No Minimum Age 18
	Barclays Wealth 6 Month Deposit Account Limited period offer	1.55%	On Maturity	Fixed Term / 6 Months	OnlineTelephoneBranchPost	£10,000 - No limit	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit £10,000 Minimum Age 18
	Lloyds TSB International 1 Year Fixed Term Deposit Account Offshore Savings Account available to non-UK Residents	1.10%	Yearly	Fixed Term / 1 Year	OnlineTelephoneBranchPost	£10,000 - £5,000,000	MORE INFO Read this before you proceed. This is an Offshore Savings Account To qualify for this product you need to meet the following criteria. Minimum Deposit £10,000 Permanent UK Resident No Minimum Age 18
	Lloyds TSB International Bonus Saver Account (Sterling) Also available in Euro and US Dollar (rates vary)	1.00% AER dependent on balance and bonus 1.00% AER applies to balances of £5k+ 0.60% AER applies to balances of £1+.	Monthly	Easy Access	OnlineTelephoneBranchPost	£5,000 - £1,000,000	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit £5,000 Minimum Age 18

Accounts with an asterisk next to the AER interest have a bonus applied to the interest rate, place your mouse cursor over the asterisk to view the bonus.

More about offshore accounts

If you are planning to spend an extended period abroad - either to travel, to work or to live - you might be able to benefit from a special offshore or international bank account.

Most people think these are the reserve of the mega rich or the legally untoward - this is a myth. International bank accounts hold all kinds of benefits to expatriates, relating to the ease and cost of accessing your money while you are overseas.

For instance, if you regularly take money from your normal UK bank account while abroad, you will be likely to face a number of transaction and currency conversion fees - possibly at an unfavourable exchange rate. But with an international bank account you can choose a designated standard currency for your account to suit the country you are in, meaning you bypass some of these costs.

It also means you can continue to deal with a bank that you know and trust and reach an English speaking helpline when you need to, rather than having to face unfamiliar - and, in some cases, potentially corrupt - systems in foreign lands.

The public misconceptions around offshore accounts centre on the opportunities to avoid paying tax. There are accounts which may indeed offer this perk, if they are based in so-called 'tax havens' like Jersey or Switzerland. However, it's not clear cut. Your money may not be subjected to UK tax anymore, but it will be subject to tax in the country that it is based, and you can only avoid paying tax here if you spend the majority of your time abroad.

If dodging the taxman is your aim, you'll need specialist advice.

Find out more about offshore and international bank accounts.

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