live abroad,money @ home wheres best interest?

george_doors

have had to close my a&l & ing direct higher interest rate accounts and my isa`s because i am moving abroad for 5 yrs. i still intend to leave some moneys in a u.k. bank/financial institution while im away. so where can i get the best interest rate yet still have access to that money (as there will be restrictions on me because of my living abroad status) ?

johnmoney05

I think Nationwide Current account is ok...you can open a e-saving at the same time. (just move most of the money into e-saving, and transfer out to current account when you need to use it)
the advantage for this account is free for cash withdrawal in foriegn country.

beefy-stu

I have a similar situation. I have to transfer some money to my parents but the exchange rate is 4.2 east carribean dollars to the pound despite seeing online that it is 4.6 at the moment. Does this mean that the bank rate takes away .4% plus the transfer fee knowing. Also there is no way that that figure can be guaranteed by the time it gets there. (7 days). I thought if I opened up a Nationwide account here in the UK and sent them my card, they would receive a better rate for their money by withdrawing amounts whenever sterling was strong and be able to make free withdrawals. Is this a good idea? What do you think?