Re: Offshore accounts
 

Interesting because its not the UK guarentee! There is however an Isle of Man one it appears to offer- but their website states clearly that its not the UK one.

Re: Offshore accounts
 

Quite right. If you read the following article, they state that offshore accounts are not covered by the UK Financial Services Compensation Scheme. However, some offshore centres or crown dependencies do have their own account protection schemes. The Isle of Man and Guernsey only introduced their own scheme in 2009 - too late to save some people from the recent losses.

http://www.thisismoney.co.uk/saving-...icle_id=394274

Re: Offshore accounts
 

Here is a table everyone may find useful; it shows the best savings rates, etc. for offshore accounts:

http://www.thisismoney.co.uk/savings...&in_page_id=50

There is also an interesting link to what they refer to as "safe savings".

Re: Offshore accounts
 

Remember folks that National Saving and Investments have increased the interest rate on their Income Bonds to 2% now. People living overseas can buy them and even savings of over £50,000 is fully guaranteed by the government. All interest is paid gross and can be paid monthly into a British current account.

Cheers
Granma Nessie

Re: Offshore accounts
 

It is the Isle of Man compensation guarantee. This is what I received:-

Thank you for your recent query regarding your International eSavings Account.



Deposits invested within Bradford & Bingley International are covered under the Isle of Man Depositors Compensation Scheme. This scheme was recently reviewed and now guarantees full protection to deposits up to £50,000 made by individuals



If you have any further questions please e-mail us at [email protected] *



Yours sincerely,



Danielle Brown

International eSavings Unit

Bradford & Bingley International Limited