Savings/accounts (overseas resident)

lr1277

I have seen other poster say the following when questions about Europe crop up. You would need to investigate and confirm.

In the UK, HSBC allows you to open a basic bank account (i.e. a current account) if you are resident in Europe. Wether they then allow you to open a savings account with them is a question for them.

Having said that I looked at the Skipton international option mentioned above. Here is the link:

https://www.skiptoninternational.com/offshore-savings-accounts/access/ 

Whilst you can have a minimum of £10k in there, you need to open the account with £25k. That may fit your needs.

Stuart3048

I have a variable rate buy to let mortgage with Skipton International and the current interest rate is 9.14% which is 2-3% more than their current variable rate offers. I know that I cannot compare current offers against existing increased interest rates but isn't there a limit?   

wmb194

Stuart3048 said:

I have a variable rate buy to let mortgage with Skipton International and the current interest rate is 9.14% which is 2-3% more than their current variable rate offers. I know that I cannot compare current offers against existing increased interest rates but isn't there a limit?   

You're OT and posting on an old thread but what do you mean? A legal limit? Don't see why there should be but you'd have to check the law in Skipton International's legal jurisdiction i.e. Guernsey and the terms of your mortgage.

Bostonerimus1

What about local options? Invest and save where you live, it will make tax and administration far easier.