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Products : Offshore Savings

Offshore savings accounts can be used anywhere in the world, in all other aspects they are the same as regular savings accounts. As an expat, the flexibility this offers can be invaluable, as this gives you the opportunity to manage your banking needs whether you are in your home country, your host country, or even on your holiday.

Offshore savings accounts

Build up your wealth in an offshore savings account. HSBC's offshore saving accounts offer:

  • Interest paid gross of tax*
  • A choice of currencies
  • International money transfers
  • A minimum Relationship Balance of £25,000, or currency equivalent, is required to bank with HSBC. Although each account has a minimum balance it is your total Relationship Balance that will determine if you are eligible to bank with HSBC.

 HSBC offers various type of offshore savings accounts:

  • Fixed Rate Saver Account: its highest interest rates for new-to-bank funds in sterling and US dollars.
  • Online Bonus Saver Account: an online-only account with instant access to your money.
  • Fixed Deposit Accounts: fix your higher interest rate.
  • Serious Saver Account: enjoy instant access to your money.
  • Current Savings Account: Instant access saving in currencies other than sterling, US dollars and euro.

We recommend consulting HSBC's website for the latest offerings and to find out information how to open a savings account. 

 *All interest is currently paid gross. However, if you are residing in the EU, credit interest may be subject to a retention tax or reporting tax. Learn more

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