Savings account for large intial deposit

lozzaloula1

lozzaloula1 said:

eskbanker said:

lozzaloula1 said:

eskbanker said:

If she isn't a UK resident then this will severely constrain her options for opening new UK accounts, so it's very unlikely that she'd have access to the market-leading products available to those who do live here - £65 per month from £28K is close to 3%, which isn't a terrible return....

She's abroad on a working holiday visa, so it isn't a permanent move abroad. Does that make a difference? 

You'd said that "She is currently living abroad but plans to return to the UK within the next 2-3 years", but it may be worth studying the rules on tax residency to ascertain her status.

She's been living abroad for the last year on a working holiday visa, she plans to do some more travel to other countries then return home in 2-3 years. 

She sold her house and then left to travel immediately after, so she doesn't have a fixed address in the UK at the moment. 

ColdIron

lozzaloula1 said:

lozzaloula1 said:

eskbanker said:

lozzaloula1 said:

eskbanker said:

If she isn't a UK resident then this will severely constrain her options for opening new UK accounts, so it's very unlikely that she'd have access to the market-leading products available to those who do live here - £65 per month from £28K is close to 3%, which isn't a terrible return....

She's abroad on a working holiday visa, so it isn't a permanent move abroad. Does that make a difference? 

You'd said that "She is currently living abroad but plans to return to the UK within the next 2-3 years", but it may be worth studying the rules on tax residency to ascertain her status.

She's been living abroad for the last year on a working holiday visa, she plans to do some more travel to other countries then return home in 2-3 years. 

She sold her house and then left to travel immediately after, so she doesn't have a fixed address in the UK at the moment. 

I think that puts her squarely in the 'not UK resident' camp. How does she deal with correspondence with her existing bank?