US Dollars Savings

mrmc74

Hello,

I currently have US dollars in a bank account as I used to be paid in dollars.

Not a lot of point converting it back to pounds at the moment!

Any advice where I can get a better rate of return than the .25% I am currently getting?

grumbler

HSBC offshore FIXED (term) DEPOSIT ACCOUNTS
$10,000+ $25,000+ ...
1 MONTH
1.84375% 1.90625% ...
3 MONTHS
2.03125% 2.09375% ...
6 MONTHS
2.28125% 2.34375% ...
1 YEAR
2.68750% 2.75000% ...

BenL

http://www.alliance-leicester.co.im/

Saw this today

Most offshores will have $ accounts.

I believe Citibank do $ accounts and my employer Cater Allen Private Bank also have $ accounts, we are based on-shore. You will need $5000 I think to open a CAPB account.

Ben

grumbler

BenL wrote:

I believe Citibank do $ accounts

$0 - $49,999 0.05% (Deposit Account) :rotfl:

Pattybarndance

Check out https://www.nationwideinternational.com.

We have a Nationwide Dollar Savings Account - so no big commitment like fixed term or Deposit Account. The latest rate for amounts under $50000 is something like 2.4%ish.

buses7675

Hi All,

Does anyone know how tax works with relation to offshore accounts, even if they are in £'s?

I would expect an A&L Offshore (IoM) account to be quite secure, and if it wasn't taxed like a UK account, could possibly have a slightly higher interest than an normal UK savings account?

Cheers

Steve

grumbler

buses7675 wrote:

Does anyone know how tax works with relation to offshore accounts, even if they are in £'s?

offshore accounts discussion - just a few lines below!

buses7675

D'oh, should have seen that! - Thanks grumbler!

deemy2004

grumbler wrote:

$0 - $49,999 0.05% (Deposit Account) :rotfl:

Don't forget the currency loss

Minus 9.5%

mrmc74

Thanks for all the replys.