Offshore Bank Accounts

Following the recent 1.5% cut in the sterling Base Rates, Abbey International, the specialist offshore banking subsidiary of Abbey in the UK has reduced the interest rates payable on its range of sterling savings accounts.

Britain's army of expats have saved a collective £150 billion between them, according to the latest research from offshore savings bank, Alliance & Leicester International (ALIL). The 5.5 million British citizens who live around the globe have between them amassed far more wealth per household than those they have left behind.

Following the recent 0.5% cut in the sterling, euro and US dollar Base Rates, Abbey International, the specialist offshore banking subsidiary of Abbey in the UK has reduced the interest rates payable on its range of sterling and currency denominated savings accounts, but it has not reduced rates on its new Monthly Offshore Saver account

Abbey International has announced new interest rates on its limited offer fixed rate contracts which are now paying up to 6.25% AER, to complement its variable interest rate range of offshore deposit and Base Rate tracker accounts.

NatWest International Personal Banking (IPB) has launched an EcoGrowth account for those that wish to reflect their personal commitment to green issues in the way that they save.

Regular savers with Abbey International can now earn up to 12% gross /AER sterling, 10% gross/AER for euro and 6% gross/AER for US dollar with a newly launched fixed rate Monthly Offshore Saver account.

Abbey International has launched a new multi currency capital guaranteed account split equally between a basket of four leading global stock indices on half of the investment and guaranteed fixed income on the remaining portion.

Scarborough Channel Islands Limited (SCIL) is again reaching out to the so called ‘silver' savers with the launch of the latest version of the Lifestyle Fifty-Plus account; a competitive product aimed at the over-50s.

Skipton Guernsey Limited has launched two new foreign currency accounts aimed at investors who wish to hold funds in either US dollars or euros offshore.

Bank of Scotland International has launched its new Nikkei Supertracker Capital Guaranteed Savings Bond.