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Halifax International Sterling Variable Rate Web Saver Account

Halifax International Official Website: Halifax International

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Halifax International Sterling Variable Rate Web Saver Account is an excellent account for offshore savings. The savings account offers attractive tiered interest rates, so the more you save, the more interest you will earn. You can also transfer money in and out of your Sterling Variable Rate Web Saver Account whenever you choose to without any penalties, and without any hidden catches. An ideal account for those who may live abroad, the account pays interest gross (i.e. without interest being deducted), which may be a useful benefit to many - although you do, of course, still need to declare the interest to the tax authorities in whichever country you reside. Online Application

A number of account brochures and other information is available on the Halifax International website, regarding each of the accounts being offered, together with current interest rates, but the following provides a brief overview of the Sterling Variable Rate Web Saver account:
  • Unlike many accounts, you can make unlimited withdrawals from your savings account, giving you access to your funds whenever you need it.
  • If you have reason to, you can open up to five Halifax International Web Saver accounts.

Additionally, with Halifax International Web Saver accounts:
  • You don't need to have a huge balance to get a competitive rate on your Sterling offshore savings account; you need just £1,000 to open a Sterling Variable Web Saver Account.
  • Interest is always paid annually on 31st December.
  • With secure online banking your Halifax International offshore bank account is always available, 24 hours a day, from anywhere you have internet access.
  • You also have the advantage of Halifax International's online fraud guarantee so, even in the worst case scenario, you'll lose not a penny of your savings.
  • Your Halifax International Sterling savings account can be held in just your name, or as a joint account, with up to 2 account holders.

What is Halifax International offshore savings all about?

The terms Offshore savings, Offshore banking, International banking and offshore account may, to the uninitiated, seem confusing. However, the bottom line is quite simple; they're basically all the same thing, and it simply refers to money held in a non-UK based account.

People have a variety of legitimate reasons for choosing to save offshore, but amongst the the main benefits of offshore banking and offshore savings are:
  • In some circumstances (someone living abroad, for example), someone may pay local tax (not UK tax) on the interest that their savings earn. So their offshore savings can have the chance to grow even faster.
  • When you bank offshore you have the ability to save in different currencies (US dollars, British pounds, and euros, for example) and to then easily convert money from one currency to another as desired.
  • As an account holder, you can also make use of Halifax International's experienced offshore banking experts, who have a good understanding of what offshore saving is all about, and can give you all the assistance you need.

Halifax International, who also operate a number of other useful financial products too, including mortgage services.

The online application process for this Halifax account is very simple, and takes just a few minutes to complete, but if you do have other Halifax or Bank of Scotland accounts, then it may be helpful to have details of those accounts to hand.

Information on all Halifax International Products at

Halifax International Fixed Rate Web Saver Account
Halifax International Regular Saver Account
Halifax International Sterling Variable Rate Web Saver Account

Halifax International

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