Offshore Online Banking Account
Compare online international accounts...Offshore online banking accounts could be just what you need if you live or work abroad.
There are several advantages of offshore online banking accounts if you spend a lot of time abroad, including easy access and monitoring. See a selection of the best in the table below:
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* 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.
Other benefits of offshore online banking accounts include:
- Accounts are usually available in Euros, Dollars and Sterling
- Tax is payable gross (although you may still be liable for UK taxes)
- A variety of accounts are available, including current and savings accounts