Jump to content
House Price Crash Forum
Sign in to follow this  
yassen_khan

Offshore Bank Account

Recommended Posts

Hi everyone,

Given the rates for saving accounts offered by high street banks I am thinking of setting up and off shore account where I can keep some of my savings.

I would appreciate if any of you have some thought on this and what bank they recommend.

Regards

Yassen

Share this post


Link to post
Share on other sites

Hi everyone,

Given the rates for saving accounts offered by high street banks I am thinking of setting up and off shore account where I can keep some of my savings.

I would appreciate if any of you have some thought on this and what bank they recommend.

Regards

Yassen

Offshore to save tax on interest? There are plenty to choose from but they all come with higher charges. Unless you have a substantial amount of money its probably not worth it. Other thoughts welcome though..

Share this post


Link to post
Share on other sites

Offshore to save tax on interest? There are plenty to choose from but they all come with higher charges. Unless you have a substantial amount of money its probably not worth it. Other thoughts welcome though..

Or perhaps the OP meant that they were getting so little interest from UK savings accounts that they might as well ship their savings off-shore where they'd get even less interest but be safe from 'bail-ins'?

Edited by MarkG

Share this post


Link to post
Share on other sites

Thanks for your thoughts. :) will keep the money in the coffe jar :)

:lol: Its sometimes feels that that could be the best place for it! If you do do this though, I think I would put a few gold or silver coins in among the rolls of paper money! :P

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   209 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.