Irish non-resident savings account or offshore account?

M

MeMama

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We have been living in the Middle East for over 4 years, but have never gotten around to really organising our savings wisely.

In the small amount of research I've done in the last couple of weeks, I'm wondering is there any actual benefit to having an offshore account? It seems that there may be better interest rates with some of the Irish banks than with an offshore bank, plus there are significant fees with offshore banks.

Are we better off just opening a deposit account In Ireland with 2% interest and having the account designated non-resident?

Can anyone please advise am I missing something important here? Would there be any benefit to us having an offshore account instead?

Thanks!
 
No major benefit to an offshore account other than it is easier for non residents to open.

Not all Irish banks will allow non residents open accounts.
 
CiaranT said:
No major benefit to an offshore account other than it is easier for non residents to open.

Not all Irish banks will allow non residents open accounts.
Click to expand...


Thanks Ciaran T,
Do you know of any savings accounts with decent interest rates that are open to non-residents?
 
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