Generally British expats should follow the ABC rule which allows them to protect and build their wealth as detailed above.
The rationale here is to:
The offshore bank account forms the secure base for wealth creation and the local bank accounts in your home and host country are maintained with relatively low balances for the payment of routine bills and expenses.
Even the ‘best’ international personal accounts offer ridiculously low rates of interest on balances in the current economic environment.
Therefore, if you hold a lot of money on account you’re probably best advised not to put that money into a basic international bank account.
Other options available to you include: -
Getting a mortgage as an expat can be difficult. Only recently NatWest and RBS scrapped mortgages for expats.
Having a strong bank relationship can make the difference between success and failure when trying to get a mortgage as an expat. If property purchase is high on your list of priorities, it can really help to pick a bank that operates within this part of the market and is facilitate a properly backed loan and a reasonable rate of interest.