[eXpat]

Savers cast safety fears aside
$this->bbcode_second_pass_quote('', 'F')oreign savings providers are back in fashion, even those not covered by the UK's compensation scheme
Foreign savings providers such as ICICI, the Indian bank, are back in fashion among Britons desperately searching for high returns on their savings.

Offshore providers are offering four out of the five top-paying savings accounts as British banks find it more difficult to offer the best rates following the Bank of England’s six consecutive interest rate cuts.

And, according to research by Moneysupermarket, Britain’s biggest comparison site, savers have put aside their concerns about the safety of overseas-based internet accounts in the pursuit of better rates.