Latest Savings Commentary

Current accounts that give you more: cashback, interest and other benefits

Oliver Roylance-Smith / 20 Jun 2017

Despite us using our current account more than any other type of account, it is usually the one we review the least in terms of comparing it with the latest Read More

Fixed rate Head to Head: National Savings and Investments Growth Bond versus Investec Income Plan

Oliver Roylance-Smith / 25 Apr 2017

On 11th April, National Savings and Investments (NS&I) launched the Investment Guaranteed Growth Bond (the NS&I Bond), as announced by the Chancellor in the last Budget. Offering a market leading Read More

Savings Focus: Masthaven Bank launches with some market leading fixed rate bonds

Oliver Roylance-Smith / 06 Dec 2016

Last updated: 14/02/2017 Masthaven Bank is the latest bank to launch a range of fixed term deposits to the UK retail market and based on its initial range of products, Read More

Fixed rate bond holders face significant falls: our roundup of the latest fixed rate options

Oliver Roylance-Smith / 22 Nov 2016

Last updated: 17/01/2017 For those bond holders with maturing accounts, many are facing significant falls in the level of returns on offer when comparing their maturing account with the current Read More

5 percent fixed for 12 months – our best selling current account…

Oliver Roylance-Smith / 25 Oct 2016

Last updated: 25/10/2016 With more and more high interest current account providers announcing reductions to their interest rates, the 5% fixed for 12 months from Nationwide now looks even better Read More

Latest Newsletter Articles

Where will the FTSE 100 go from here

Oliver Roylance-Smith / 11 June 2013

Despite the FTSE 100 recently finishing at its highest level since the turn of the century, it still remains a difficult time for investors when deciding what might happen next – will it be cl... Read more

Investment Focus: Investec Enhanced Income Plan

Oliver Roylance-Smith / 28 May 2013

By combining a high fixed income with conditional capital protection, the Enhanced Income Plan from Investec Bank has been our most popular income investment. With the need for income being at the f... Read more

How to de-risk your investments

Oliver Roylance-Smith / 16 October 2012

With the balance of risk v reward being a primary factor when making investment decisions, it is also the case that there are a number of ways of mitigating investment risk. We take a look at one pa... Read more

Savings Account Guides 

SIPP Charges
 Do you know how safe your savings are? Should you choose a fixed rate or a bonus rate? Our useful savings guides could help you to make the most of your money.
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Find out more about offshore banking and tax...

Offshore banking tax is different because interest is payable gross, however, you will have to declare the interest as income, meaning you could still be liable for UK taxes.


It is important to understand the relationship between offshore banking and tax before opening an account. Compare leading international accounts in the 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.

Offshore banking doesn't necessarily mean you won't have to pay tax on the returns you make – you are still responsible for paying tax in your home country, but offshore banking can give you more freedom to manage your own tax affairs and help to reduce the amount of tax you pay.

Other benefits of offshore banking include:

  • Accounts available in multiple currencies
  • Easy access and transfers
  • Competitive interest rates

So, if you want to find out more about offshore banking tax and how it affects individual accounts, click on the link below to compare leading accounts and find out more:

Offshore Banking Reviews

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