Offshore Reserve Savings Account
Lowering the barriers to saving internationally
Your easy access international savings account with a low entry level and great benefits. You can save in up to four currencies and make as many additional deposits as you like.
Looking for peace of mind? The Offshore Reserve account offers easy access and pays interest in qualifying currencies.
£
3 000
Minimum opening balance
$
5 000
Minimum opening balance
€
5 000
Minimum opening balance
R
35 000
Minimum opening balance
4 (free) withdrawals per year
Access to Funds
2.87%
*
Earn interest up to
2.31%
*
Earn interest up to
0.80%
*
Earn interest up to
4.81%
*
Earn interest up to
GBP, USD, EUR, ZAR
Supported currencies
*
Annual Equivalent Rate
*
Annual Equivalent Rate
*
Annual Equivalent Rate
*
Annual Equivalent Rate
Benefits of Offshore Reserve Savings Account
Digital access
Manage your account, view account activity and speak to us online or via the mobile app
Easy access
You get immediate access to your savings in this reserve account, four times a year at no cost
Currency options
Save in a reserve account denominated in pound sterling, US dollar, euro or South African rand
Safe and secure
Rest easy in the knowledge your international savings are in a well-regulated jurisdiction
What you get
- Available in GBP, USD, EUR or ZAR
- Your interest rate is determined by your account currency and balance
- Interest is calculated daily and paid half-yearly
- You are allowed two withdrawals in each half-year period without a charge*
- You can make an unlimited number of deposits
- Standing Orders and Direct Debits are not permitted on this account
- You can use Online Banking or the mobile banking app to make international payments and transfers and manage your account
What it costs
- Additional withdrawals are charged at the prevailing rate*
* See the pricing guide for details on transaction fees
How to get it
- You need to be 18 years or older
- Meet the minimum opening balance
- Proof of address and identity (certified or original copies)
Terms and Conditions
-
What you get
-
What it costs
-
How to get it
-
Terms and Conditions
- Available in GBP, USD, EUR or ZAR
- Your interest rate is determined by your account currency and balance
- Interest is calculated daily and paid half-yearly
- You are allowed two withdrawals in each half-year period without a charge*
- You can make an unlimited number of deposits
- Standing Orders and Direct Debits are not permitted on this account
- You can use Online Banking or the mobile banking app to make international payments and transfers and manage your account
- Additional withdrawals are charged at the prevailing rate*
* See the pricing guide for details on transaction fees
- You need to be 18 years or older
- Meet the minimum opening balance
- Proof of address and identity (certified or original copies)
View interest earned per account balance band
View interest earned per account balance band
YOU MAY BE INTERESTED IN
Saving and Investing
5 Dec 2024
The Future of Offshore Wealth Management
The offshore wealth management industry stands at a crossroads, shaped by ongoing regulatory changes, advancements in technology, and the shifting needs of a more global client base. For decades, offshore banking has provided an essential service to individuals and families looking to manage their wealth across borders. Yet, as regulatory frameworks tighten and client expectations evolve, our industry must adapt, finding innovative ways to deliver not only security and efficiency but also exceptional client outcomes.
Estate & Succession Planning
18 Oct 2024
Establishing an Offshore Trust: Practicalities and Considerations
Families choose to establish trusts for many different reasons. It may be to ensure that wealth is passed between generations in a controlled manner; to provide some form of jurisdictional and asset diversification; to ensure that assets are protected from political or economic volatility, or simply to ensure that wealth passes between generations without the delays and stress of the probate process.
Estate & Succession Planning
18 Oct 2024
Passing the Torch: Engaging the Next Generation in Family Wealth
It is true that traditional wealth planning is being revolutionised by the influence of the next generation (the “Next Gen”).
Saving and Investing
17 Oct 2024
Diversify your portfolio with international structured products
If you live in a country with a weak currency, then you would probably see the sense in taking money offshore to store and invest in a major currency. The overriding benefit of this move is that your international buying power won’t be eroded because your currency is devaluing against the likes of the US dollar, pound sterling or euro.
International banking 101
Easily set up an offshore bank account
Broadening your horizons is easy when you’ve got access to the opportunities to do so. An international bank account is a way for you to take your dreams global and we’re here to facilitate that reality.
International banking 101
Everything you need to know about investing internationally
What is an international investment?
WE ALSO OFFER
Accessible investments
Get exposure to global stocks as well as a mix of bonds and cash to build up your international investment portfolio.
Easy access loan
Getting a loan is easy if you have money deposited in an instant access account held with us.
International bank accounts
Open an international bank account today to support your global lifestyle and wealth management.