Natwest Offshore Savings Accounts

In the year 1968, the National Provincial Bank and the Westminster Bank merged to form what is now known as NatWest. Now a member of the Royal Scotland Group, NatWest are considered to be one of the biggest retail and commercial banks and provide customers with a variety of different financial products and services.

 

Offshore savings accounts differ from many standard types of account in that they have their interest credited ‘gross’ instead of being taxed in the usual ‘net’ way. This means that the tax on any interest may not be deducted until after the money has been paid to the customer, this tax may also be deferred and not taken for a significant amount of time, allowing customers to save even more

 

If you are searching a suitable offshore savings account, NatWest offer a product that may be able to help you save significantly more on your interest payments. For more information on similar offshore savings account deals from different providers, see 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.

According to the website of the provider, NatWest offshore savings accounts are intended to provide a service to meet the needs of:

 

  • UK expatriates who may be living or working in any foreign country
  • Foreign nationals who may be working or living in the UK
  • Individuals who frequently travel around the world

 

As part of their international personal banking service, an offshore savings account deal with NatWest may provide customers with the following benefits:

 

  • Multicurrency accounts, so that customers can take advantage of foreign exchange savings
  • Accessible banking transactions that can be carried out anywhere, either by phone or via internet banking
  • Lifestyle benefits to suit customers individual requirements
  • This service is also offered to any residents of the Channel Islands, the Isle of Man and Gibraltar.
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