There are many reasons why you might want to open an off shore bank account whether it is to find the very best interest rates while rates in the UK remain low or it to make your savings more tax efficient but there are important things you need to know before you begin searching. We’ll try and cover regulations, minimum deposit amounts and the differences between personal and business off shore accounts.

It’s no secret that most people are looking for the highest interest rate when they choose a personal savings account but there are a few different types of savings vehicles to compare before you opt for one. The aim of this article is to give you a run down of some of the more popular types of personal savings including easy access accounts, notice accounts, fixed rate bonds, regular savers and offshore accounts.