HSBC Offshore Savings Accounts

By opening an HSBC offshore savings account, customers may be able maximize their savings and take advantage of the delay in paying income tax on the interest that has been earned.

 

There are several different types of HSBC offshore savings account deals available, however all accounts should provide customers with the following benefits:

 

  • International money transfers
  • A choice of currencies to save in
  • 24 hour internet and telephone banking
  • Interest is paid gross and no income tax is deducted until you notify HMRC

 

It should be noted that most HSBC offshore savings accounts requires a minimum deposit of £25,000, however if this does not suit you, then you may wish to use our comparison tables to compare a range of providers and deals on offshore savings accounts 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.

You may choose between a variety of different offshore savings accounts from HSBC, the titles for these accounts are listed below:

 

  • Fixed rate saver account
  • Online bonus saver account
  • Fixed deposit account
  • Serious saver account
  • Currency savings account

 

HSBC international bank is based in Jersey (Channel Islands) and offers a range of offshore savings accounts which are ideal for people who travel frequently, conduct business abroad, or who are expatriates.With an offshore savings account from HSBC, you may be assured of the following:

 

  • Financial security – a secure place for your savings
  • Convenience – there are a range of accounts available in currencies (Euro, Sterling, US Dollar) to help you make the most of your finances when you are abroad.
  • Global view – internet banking is available to enable you to control and manage your finances.

 

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.
1.22%Instant AccessMore Info >
Earn 1.22% gross/AER variable. Open with £1. Unlimited free withdrawals. Interest paid monthly or annually. Manage your account online. Rate includes a 0.97% gross fixed rate bonus for 12 months from account opening. After 12 months the rate will revert to underlying rate, currently 0.25% gross/AER variable. FSCS protected

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

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

2.20%

per annum

£1,000Apply Now >
Earn 2.20% 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