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Offshore Savings in Malaysia

Offshore savings in Malaysia are somewhat popular among foreigners. Choosing to put your money in a central place with access for day to day banking as well as interesting saving rates makes it a common practice for expatriates in Malaysia.

Compare Offshore Savings Accounts

Offshore accounts are a good way to deposit money in sterling, euros or dollars. Opening an offshore savings account is a simple process with normal considerations as for setting up savings accounts. Offshore accounts are often considered a good option for people living abroad or earning money in a different currency.
  Notice or term Tier AER Gross Int paid Min - Max investment Access

HSBC International - Offshore Bank

HSBC International - Offshore Bank
More info on HSBC International - Offshore Bank in Malaysia >
None £5K+ 0.00% 0.00% Mly £5K+
  • Phone
  • Internet
  • Branch
  • Postal
  • Get A Free Quote HSBC International - Offshore Bank

Sterling Bonus Saver Account

Sterling Bonus Saver Account
More info on Sterling Bonus Saver Account in Malaysia >
None £5K-£2m 2.01% * 2.00% Mly £5K-£1m
  • Phone
  • Internet

*including Introductory Bonus for the first 12 month. Instant access to your money 24/7 via internet banking and Offshore PhoneBank.

  • Get A Free Quote Sterling Bonus Saver Account

HSBC Online Bonus Saver Sterling Account

HSBC Online Bonus Saver Sterling Account
More info on HSBC Online Bonus Saver Sterling Account in Malaysia >
None £5K+ 0.30%* 0.30%* Mly £5,000 - £500,000
  • Phone
  • Internet
  • Postal

*Including bonus
Preferential interest rates are available to Premier customers: GBP 1.00% AER, USD 0.50% AER, EUR 1.00% AER (including bonus). Interest is paid with bonus for every calendar month in which you don't make a withdrawal. Standard interest is paid regardless of withdrawals.

  • Get A Free Quote HSBC Online Bonus Saver Sterling Account

Sterling Barclays Bonus Saver

Sterling Barclays Bonus Saver
More info on Sterling Barclays Bonus Saver in Malaysia >
12 month fixed term 10k to 20m 2.75% 2.75% on maturity £10,000 or currency equivalent – 20,000,000 or currency equivalent
  • Phone
  • Internet
  • Branch

Barclays offers multiple currency accounts with 24/7 account access and high rates, perfect for the expat looking to grow his or her wealth abroad.

  • Get A Free Quote Sterling Barclays Bonus Saver

Guides & Articles for Offshore Savings in Malaysia

Jobs in Malaysia

Executive and non-executive salaries are expected to grow in the coming years within the Malaysian workforce. Here are examples of typical monthly salary levels based on 30-45-year-old employees with at least a bachelor's degree and five years of experience in a single company: CEO's $5,916 -$15,975 Factory/plant managers $1,623 - $7,044 Sales managers $979 - $6,628 Systems engineers $547 - $3,774 Software developers $547 - $3,774 Secretaries $446 - $1,781 Read More >

Cost of Living in Malaysia

Whether you use public or private transport, running costs are generally low. A liter of RON97 unleaded blend costs RM2.30 and diesel is RM2.20 per liter. One thing expats truly appreciate in Malaysia is that the government recognizes all international driving licenses. Moreover, car purchases are not taxed, including those acquired from other countries. A lot of banks even offer housing and business loans, making it easier for anyone jumpstarting a new life in a new country. Read More >

Banking in Malaysia

International transfers usually take 5-7 working days and you have to provide details relating to the account number and the account holder, name of the receiving bank, the SWIFT code and the IBAN number of the receiving bank. Read More >
More articles & guides for Offshore Savings in Malaysia
US Expat Tax Filing
US Expat Tax Filing

US expats are expected to continue filing taxes in the States even while living abroad. Learn about your tax obligations today.

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Compare Cigna Healthcare Plans

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Free Life Insurance Quotes Fast

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Compare Offshore Savings Plans
Compare Offshore Savings Plans

Learn about the benefits of an offshore savings account and determine which company will be best for your needs.

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Many expats put off opening an international bank of offshore account due to the stress and hassle they foresee. Luckily, ExpatFinder working with a variety of offshore bank and online savings account companies to bring expats the best selection. Whether you need international services from a bank or an offshore bank account due to tax reasons, business banking and online savings couldn’t be easier. Talk to one of ExpatFinder’s bank account offshore partners about opening an offshore credit card or a free checking account and you will have no more to worry about.

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