Best buy deposits Sterling

[irishfinanceguy]

I currently have sterling and maxed out my golightyear 20k guarantee. I don't want to transfer my other sterling until I get a good euro to sterling conversion.

I have looked into other places I can save sterling and get good interest rates similar to lightyear but all require you to be UK resident.

Anyone know anywhere I can get decent deposit saving rates for sterling open to non uk residents?

This seems to allow https://wise.com/gb/interest/ 4.54% is this legit? Why is only the wise cashback listed in the main thread regarding the deposit options?

 

[Lightning]

This seems to allow https://wise.com/gb/interest/ 4.54% is this legit?

You have linked to the Wise UK website. The Wise UK offers are not available in Ireland.

Wise offer the "Cashback" product only in Ireland.

 

[Lightning]

Providers that offer GBP accounts:
- Wise.com via "cashback" product.
- Trading212.
- Lightyear.
- Interactive Brokers.
- Revolut
- AIB
- BoI
- PTSB
- Apparently some Northern Ireland banks accept RoI address.

 

[irishfinanceguy]

Providers that offer GBP accounts:
- Wise.com via "cashback" product.
- Trading212.
- Lightyear.
- Interactive Brokers.
- Revolut
- AIB
- BoI
- PTSB
- Apparently some Northern Ireland banks accept RoI address.

Thank you! Just looking at the options they all don’t look great lol barely worth the hassle, pity lightyear is just the 20k

 

[irishfinanceguy]

Providers that offer GBP accounts:
- Wise.com via "cashback" product.
- Trading212.
- Lightyear.
- Interactive Brokers.
- Revolut
- AIB
- BoI
- PTSB
- Apparently some Northern Ireland banks accept RoI address.

Perhaps interactive brokers is the best bet

 

[daheff]

Thank you! Just looking at the options they all don’t look great lol barely worth the hassle, pity lightyear is just the 20k

you can still lodge more with lightyear. its just the guarantee is only for the first 20k.

 

[irishfinanceguy]

you can still lodge more with lightyear. its just the guarantee is only for the first 20k.

Bit risky no? Ill consider switching sterling to euro when theres a reasonable conversion

 

[daheff]

Bit risky no? Ill consider switching sterling to euro when theres a reasonable conversion

it would be a little more risky yes. but depends on how much more you are putting in.

switching to sterling would pay higher interest, but Interest rate parity theory would say that GBP should get weaker over time, so net you are back to roughly the same position at the end of the day.

 

[Lightning]

Bank of England base rate went up to 5.25% today. Lightyear GBP rate should increase to 4.50% shortly.

 

[mtk]

Hi can you transfer from your revolut sterling to lighyear sterling? (asking for my daughter).

 

[time to plan]

Bank of England base rate went up to 5.25% today. Lightyear GBP rate should increase to 4.50% shortly.

It was already 5.25% so it's unchanged.

 

[Lightning]

It was already 5.25% so it's unchanged.

You have quoted my post from August!

 

[time to plan]

You have quoted my post from August!

Ha! It's been a long day.