Offshore Savings Euro Accounts

An offshore euro (€) savings account may be of particular use to you if you receive your salary in Euros or if you live, work or travel within Europe as part of your job or in your free time. For customers who may be searching for an offshore savings euro account, it is usually well worth considering the exchange rate and researching the market before opening a particular account with a provider.

 

Customers are advised to take their time and shop around in order to compare as many different euro savings accounts from providers as possible. Our comparison tables are designed to help you make this decision. Take a look below to compare a range of different offshore savings account deals:

Offshore Instant Access Accounts
ProviderAccountGross Rate AERTermCurrencyMore Info
Up to 0.90%Instant AccessSterling (£)More Info >
  • Minimum deposit - £5,000
  • Worldwide Instant Access 24/7
  • Interest Paid Monthly
  • Includes 0.30% AER/Gross Bonus for first 12 months
  • After 12 months the interest rate will automatically reduce
Up to 0.80%Instant AccessDollar ($)More Info >
  • Minimum deposit - $5,000
  • Worldwide Instant Access 24/7
  • Interest Paid Monthly
  • Includes 0.30% AER/Gross Bonus for first 12 months
  • After 12 months the interest rate will automatically reduce
Up to 0.50%Instant AccessEuro (€)More Info >
  • Minimum deposit - €5,000
  • Worldwide Instant Access 24/7
  • Interest Paid Monthly
  • Includes 0.40% AER/Gross Bonus for first 12 months
  • After 12 months the interest rate will automatically reduce
Compare Offshore Fixed Rate Bonds
ProviderAccountGross Rate AERTermCurrencyMore Info
1.10%1 YearSterling (£)More Info >
  • Minimum deposit - £10,000
  • Sterling Deposits Only
  • 5 Year Term Bond Available
  • Bond designed to be held for full term
  • Charge for early withdrawal
0.75%1 YearDollar ($)More Info >
  • Minimum deposit - £10,000
  • Dollar, Sterling and Euro Deposits Available
  • Bond designed to be held for full term
  • Charge for early withdrawal
0.30%1 YearEuro (€)More Info >
  • Minimum deposit - €10,000
  • Euro, Sterling and Dollar Deposits Available
  • Bond designed to be held for full term
  • Charge for early withdrawal

Compare Euro Bank Accounts

As well as offshore savings accounts being well suited to businesspeople and frequent travelers, you may also wish to consider opening an account like this if you are:

  • A UK resident wishing to invest their savings abroad
  • An Expatriate

It is also important to consider the advantages and disadvantages associated with different offshore savings account deals.

Some possible advantages of a euro offshore savings account are:

  • You may be able to save money in foreign currencies (Euro, USD, Sterling)
  • You may receive your interest in a ‘gross’ amount rather than the ‘net’ amount, which means that you will earn more interest overall
  • You may be able to choose between instant access or notice accounts
  • Interest deferral options, which means that you could receive this at any time
  • There may be a delay in paying income tax, which means that you may be able to save more

Some possible disadvantages of a euro offshore savings account are:

  • To open an offshore savings account your financial provider may require a large deposit
  • An offshore savings account may be expensive to run
  • You may experience being taxed twice, but this depends of the location of your financial provider