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Best Place for savings - Pounds

Best Place for savings - Pounds

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Old Oct 18th 2009, 9:41 am
  #1  
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Default Best Place for savings - Pounds

Anyone found any good deals lately?

I have UK pounds that aren't worth bringing over woth the exchange rates the way they are but want to make the best of them I can. Doesn't matter too much where (bank wise or on/offshore) just so long as we are allowed to open the account form Oz.

And yes I am looking for myself too but can't be sure to find everything....
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Old Oct 18th 2009, 9:57 am
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Default Re: Best Place for savings - Pounds

Originally Posted by Safin
Anyone found any good deals lately?

I have UK pounds that aren't worth bringing over woth the exchange rates the way they are but want to make the best of them I can. Doesn't matter too much where (bank wise or on/offshore) just so long as we are allowed to open the account form Oz.

And yes I am looking for myself too but can't be sure to find everything....
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Old Oct 18th 2009, 12:31 pm
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Default Re: Best Place for savings - Pounds

I had some of my pounds offshore in the Isle of Man. This week I have finally recouped all that were lost in the Icelandic banking collapse of Oct 2008. So in response to "Best Place for savings - pounds", I am inclined to suggest under a mattress.

ING Direct UK closed my account as soon as they became aware I was non-resident.

A lot of the internet only accounts can be opened from Australia. As I did with my beloved Icelandic bank.

I would opt for Citibank if you were still in UK.
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Old Oct 18th 2009, 7:48 pm
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Default Re: Best Place for savings - Pounds

If it was me then I would open an etrade UK account and put it into some global companies like BP or HSBC.
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