Guide to Essential Money Tools

Savings Tools

Money tool - expat offshore savings account

Anglo Irish Bank IOM

Expats face special challenges when it comes to looking after their money.  The good news is that being an expat means you can take advantage of a variety of financial opportunities not available to other people, such as having interest on your savings paid gross, and the option of using multi-currency accounts.

Many banks spend a lot of time and effort promoting investment portfolios, tax planning and a variety of sophisticated financial strategies to expats.  While fancy accounts and complicated financial structures may have their place; too many expats ignore the basics when it comes to financial planning. Savings, for example, should form the foundation of any expat’s financial affairs.

At Anglo Irish Bank, we specialise in savings and offer a range of accounts, each designed to do something different, and fit into an expat’s lifestyle.  
It’s advisable to keep some money readily available, and our Privilege Access Account combines immediate access to your funds with the sort of rate normally associated with a notice account.

Many expats value the ability to receive income from their savings on a monthly basis, perhaps to cover recurring bills, or because they are retired and want regular income.

With our Privilege Income Account, interest can be sent to a nominated UK bank account, or added to your account each month. Not all money needs to be immediately available, of course, and our 7 and 90 Day Notice Accounts offer a higher rate of interest.

Linking your return to base rate can offer a degree of certainty, and our Privilege Base Rate 30 Day Notice Account, for example, offers a competitive rate of interest, which is guaranteed to be at least the UK base rate.
For savers looking for a longer-term home for their money, plus absolute certainty, there is no substitute for fixed rate accounts, which let you know exactly what return you will be getting, and over what timescale. Anglo’s Privilege Fixed Interest accounts are available for 12, 18, or 24 months, and offer the added flexibility of access to 20% of your capital per annum, without any penalty.

All Anglo accounts come with a pledge to keep rates competitive over the long term, something which particularly appeals to expats, who tend to have busy lifestyles and can’t always be expected to follow every rate change in the savings market.