If you intend to open an offshore savings account you may wish to consider the Isle of Man as a suitable location for your offshore savings account.
Although the interest earned on your savings may be subject to income tax under UK law, there is usually a delay period between you receiving the gross amount of interest and the date when you have to pay income tax that allows your savings to earn more interest than they would in a UK savings account.
UK banks and building societies that are based on the Isle of Man include:
- Alliance & Leicester International Ltd
- Bank of Ireland Ltd
- Barclays Wealth
- Britannia International
- Fairbairn Private Bank
- Irish Nationwide Ltd
- Isle of Man Bank
- Kleinwort Benson Bank
- Lloyds TSB International
- Nationwide International Ltd
- Zurich Bank International Ltd
See below for a selection of deals on offshore savings account deals (please note these are not exclusively providers based on the Isle of Man).