Recent rate rises on expat savings accounts is seeing annual interest rates of over 4 per cent now on offer on 5 year fixed term deals. And rates are beginning to rise on shorter term deposits.
Guernsey-based Clydesdale Bank and Isle of Man-based Alliance & Leicester have recently introduced 5 year fixed term accounts offering 4.15%. While the Clydesdale offer is is on a minimum balance of £10,000, the Alliance & Leicester offer applies to a minimum balance of £5,000. Lloyds TSB International in the Isle of Man has been offering 4% on a minimum balance of £10,000 on its 5 year fixed term deposit account since June 2011. However, it has now improved interest rates on its one, two and three year sterling fixed term deposits. The new rate for a one year fixed term is 3.1% (up from...
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