USD accounts

Old Feb 10th 2009, 9:30 am
  #1  
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Default USD accounts

Hi, i am looking to open a USD account offshore. I already have an offshore GBP account with HSBC, but need to have a USD account also.

the saver accounts with HSBC offshore are 0% interest for USD accounts?

Is this the norm or am i missing something. They are offering interest on GBP saving accounts.

Is there any other interest paying USD accounts?

yours in bafflement
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Old Feb 10th 2009, 9:36 am
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Default Re: USD accounts

Originally Posted by commander View Post
Hi, i am looking to open a USD account offshore. I already have an offshore GBP account with HSBC, but need to have a USD account also.

the saver accounts with HSBC offshore are 0% interest for USD accounts?

Is this the norm or am i missing something. They are offering interest on GBP saving accounts.

Is there any other interest paying USD accounts?

yours in bafflement
haven't seen any offshore USD that pay interest at the moment b/c irrespective of the bank offering, it's all domiciled in the US and the base rate is zip.

sorry, commander. USD = 0%...
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Old Feb 10th 2009, 9:42 am
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Default Re: USD accounts

speak to Meow about it. We have an Allied Irish Offshore account but I don't know what the interest rates are. That is Atilla's domain.
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Old Feb 10th 2009, 10:02 am
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Default Re: USD accounts

US Dollar rates are currently negligible. They are all around the 0.125% mark. You might get a little more on a large sum for a term deposit.

PM or email me if you want any other info. I have agencies with a couple of offshore banks.


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