Offshore/Other Accounts For Cruisers

[CodStewart]

Hello, My name's Maria and I'm an alcoholic......but to get down to the nitty gritty, I'll be leaving for a life of cruising in March 2006. I'm not very clever about grown-up things like money and therefore wondering if any of you wise sages out there could recommend the best kind of account for a cruiser.
Here's my set-up.
If I put my money into a high interest account that requires 90 days notice to withdraw, I worked out that I'd get around 180quid a month in interest. I have a flat in SA that will also bring in around 300 bucks a month. I wouldn't need to touch the SA money nor the interest because I will have 30K US in my paws at the beginning of the trip that I'd hope would keep us going for a couple of years.
I've been looking at HSBC. Do you have any other recs for offshore kind of banking that is good for cruisers?
Thanks for any help and sorry if the above sounds a bit twisted.
Ja ne.

 

[alanhanson]

have a look at www.moneyfacts.co.uk
they have tables on all offshore accounts
but it does depend on the type of money you are using
ie gb pounds us dollars etc
good luvk cheers alan

 

[summerwind]

Consider buying some Gilts. Depending on your individual circumstances, the interest can be paid to you gross, dirctly into a bank account or by cheque.

They pay half-yearly and if your pick the right ones, you will get more than from a "High Interest" account.

Gilts can be sold on the market with an on-line broker at T+1 which means you don't have to wait 90 days for your loot should you need capital.

 

[Doffy]

HSBC have a account for a number of different currencies, you can have one in sterling and an interest acct in Dollars euro etc all in one.

Interest at 15% on any interest earnt is paid to the country of domicile if EU resident

 

[CodStewart]

Thank gawd I'm no longer an EU resident!