Abbey is owned by the Spanish lender, Santander. Santander manages their offshore savings accounts through Abbey International, which is based in the Channel Islands, Jersey. In opening an Abbey offshore savings account, you may be able to take advantage of the untaxed interest payments. After a period of time, you may have to pay income tax to HMRC, but the delay may grant you enough time to earn a little more interest.
If you are one of the following people, you may wish to consider opening an offshore savings account with Abbey International (Santander):
- You live or work abroad
- You spend a lot of time abroad
- You are a foreign national living in the UK
- You are a UK resident who has an interest in offshore banking
In order to ensure that Abbey is the right financial provider for you, you should consider the offers currently available on the market thoroughly before committing to any given provider or account. Take a look at our comparison tables to compare the best offshore savings account deals: