Offshore Savings Accounts Interest Rates

Searching for the best interest rates on offshore savings accounts? There are several different types of offshore savings account available, the following are some examples:

• Offshore Notice or Deposit Savings Accounts: Using this type of offshore savings account, the interest rates that are offered to customers may be highly competitive.
• Offshore Fixed Rate Savings Accounts: These accounts will generally provide customers with a predetermined ‘fixed’ rate of interest for the duration of the agreement, providing customers with some considerable security. However, it should be remembered that there may a lengthy waiting period before any money can be withdrawn.
• Offshore Instant Access Savings Accounts: These accounts may have slightly lower interest rates compared with its competitors, but they do provide customers with relatively easy access to their money without any waiting periods or charges.

Comparisons of different offshore savings account deals could be as easy as looking at the tables on this page and following a few of the links.

Although it is important to consider the interest rates on offshore savings accounts, there are also a number of other factors that customers may wish to take into consideration, such as:

• The required deposit and running costs, as offshore accounts can often expensive to maintain
• How often interest will be paid, on either a monthly, quarterly or annual basis
• The safety of customer money, as money offshore savings providers may not be covered according to the UK financial services compensation scheme