Looking to invest £15,000

runciblespoon

lozzalmc wrote: »

I assumed there would be better rates on offer offshore. But so far I haven't been able to find anything decent, likewise with the Dollar and Euro accounts, so might as well stick with Sterling.

Generally there isn't much difference in sterling rates between onshore and offshore. As you're currently a non-taxpayer your interest would be gross, so there's not much difference from that angle anyway (European tax havens are no longer tax free anyway).

Offshore accounts are usually better than onshore for Euro and Dollar accounts, mainly because their customers are mostly expats who use these currencies, and there's little competition onshore. But, with the exception of Northern Rock Guernsey, the protection is weaker offshore if it exists at all.

Offshore account search:
http://www.moneyfacts.co.uk/offshore/default.aspx