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High interest, regular saver offshore acounts...whats the bank's angle?
miserable_ol_so_n_so
Posts: 496 Forumite
Why do some banks (HBOS, Barclays etc) offer 10% interest rates on regular saver accounts offshore? What is their angle? What I dont understand is, why offshore only? If they wanted lots of customers, surely they would be generally available on mainland? Are they some sort of a loss leader and that they hope to ensnare you into something to their advantage? Even if that were true, why not do so on the mainland, as that way the bank would ensnare a lot more of us!
....Illegitimi non carborundum
...don't let the illegitimate ones grind you down....
...don't let the illegitimate ones grind you down....
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