Halifax Offshore Savings Accounts

First founded in 1857, Halifax have provided customers with a range of financial products and services for a number of years. As of September 2007, Halifax became part of the Lloyds Banking Group.

 

Unfortunately, Halifax offshore savings accounts are no longer being offered by this provider, customers are encouraged to shop around using comparisons in order to find a competitive offshore savings account deal.

 

There is a common misconception that offshore savings accounts may allow customers to avoid paying tax altogether. Unfortunately this is not true, but using an offshore savings account can certainly provide customers with several useful tax benefits.

 

Instead of interest being taxed on a net basis before being passed on to customers, it is instead credited ‘gross’ meaning that interest is taxed after it has been passed onto customers. It is also worth remembering that the interest for these types of accounts may also be deferred, meaning that it may not be collected for quite a significant period. This can allow customers to save even more money, as their interest is allowed to increase for longer.

 

Although these accounts are no longer offered directly by Halifax, it may be possible to find a great offshore savings account deal using our comparisons table below:

ProviderAccountGross Rate AERTermCurrencyMore Info
   More Info >

* GROSS RATE – The contractual rate of interest payable before deduction of income tax at the rate specified by law.

** AER RATE – AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if it was paid and compounded once each year. As every advertisement for a savings product will contain an AER you can compare more easily what return you can expect from your savings over time.

If you are searching for an offshore savings account from Halifax, it is worth remembering that there are several different types of accounts that are generally available to customers. The following are some examples of the different types:


Fixed Rate Accounts

Fixed rate accounts may provide customers with a guaranteed ‘fixed’ rate of interest for a set period, providing customers with some assurance that their savings will continue to grow.


Instant Access Accounts

Instant access accounts may have reduced interest rates compared with many other types of account, but may allow customers to access their money with relative ease.


Notice Accounts

Notice accounts generally provide customers with highly competitive interest rates, but will often require that customers give a period of notice before any money can be withdrawn from an account.

Instant Access Savings Accounts Deals
ProviderAccountInterest Rate (AER)TermApply
1.30%Instant AccessMore Info >
MARKET LEADING. Earn 1.30% gross/AER. Instant Access. No notice periods. Unlimited payments and withdrawals. Pay in from £100. RCI Bank are protected up to a total of €100,000 by the FGDR, the French deposit protection scheme. Manage account online.

1.17%

£1More Info >
Earn 1.17% AER variable interest. Interest can be paid monthly or annually. Open an account singly or jointly. Minimum deposit £1. Unlimited deposits and withdrawals permitted. FSCS Protected
1.00%Easy AccessMore Info >
1.00% gross/AER on balances from £1,000 to £1 million. Unlimited withdrawals without restriction or loss of interest.

Gross is the interest you will receive before tax is deducted.

AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Latest Fixed Rate Bond Deals
ProviderAccountInterest Rate (AER)TermApply

2.25%

per annum

£5,000Apply Now >
Earn 2.25% fixed interest - 3 year term - Minimum deposit £5,000 - No withdrawals permitted. FSCS Protected

2.05%

per annum

£5,000Apply Now >
Earn 2.05% fixed interest - 2 year term - Minimum deposit £5,000 - No withdrawals permitted. FSCS Protected

2.40%

per annum

£1,000Apply Now >
Earn 2.40% gross/AER fixed for 4 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available. Annual or monthly interest. FSCS Protected
Growth Structured Deposits
ProviderPlan NameMaximum Potential Return*TermMore Info
Kick Out Deposit Plan

4%

per annum

Up to
6 years
More Info >
Capital protected deposit plan with the potential to mature after years 3, 4, 5 and 6. If the plan matures early it will return 4% times the number of years the plan has been in force. Also available for Cash ISA and ISA transfer.
* Maximum Growth Yields are not guaranteed and subject to certain conditions