Seem pretty good to me (Flemings Offshore)

Member Name: ordy

Product:	Flemings Offshore
Date:	07/12/00 (517 review reads)
Rating:

Advantages: Good service, good rates

Disadvantages: No internet yet

I have recently needed to open an offshore account. Shopping around, it appeared that many of the offshore banks will only touch you if you have over $150k for them to manage, which can be a little onerous. Many of them also do not pay very good interest.

Flemings, however, have an attractive account. You need 5000 Pounds to open an account, although you can withdraw down to zero after the account is opened.

It does not yet have an internet connection, but they will transfer funds between account for a small fee, or you can write a cheque.

The account pays 4% interest tax free. This is why I chose it. Sure I can get better if I shop around, and periodically I will. My problem is that I am too busy to actively manage my account and as long as it earns 4% then I can monitor things about once a quarter instead of monthly or more freqently.

They also offer a credit card, but I have not applied for that.

All in all, it seems a good package for busy expats.

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