Off shore accounts

MIKEM56

What do you think of the account below and what snags are there?
Abbey International
The Monthly Offshore Saver
12 % per annum.
Mikem56

pete80

MIKEM56 wrote: »

What do you think of the account below and what snags are there?
Abbey International
The Monthly Offshore Saver
12 % per annum.
Mikem56

As usual, very eyecatching headlines with any of Santander's offshoots.

Reality is if you look at their site that you can only pay in 20% of your salary, the other 80% goes into their "GOLD" current account which earns the grand sum of 00.0% (Nil, Nada, Zilch) if you have below £99,999 balance in the GOLD current account.

So true APR is a bit more like 2.4%, shame it looked so good didn't it folks........:T