UK bank USD savings account

[Scoombs]

Hi, my business trades with the US and so has a HSBC USD account with a decent balance. Depending on the exchange rate, we occasionally convert this to GBP and place in a business savings account.
The rate is terrible at the moment so I'm wondering if anyone on here knows of a UK bank that provides a USD savings account that pays some level of interest. Our HSBC account rate is awful.

Thanks in advance.

 

[Paul Kelly ICHYB]

I am sure a quick google would yield the fastest results, but try Wise.

 

[GLAbusiness]

I am sure a quick google would yield the fastest results, but try Wise.

CHAT GPT gives a list of candidates

 

[Scoombs]

I am sure a quick google would yield the fastest results, but try Wise.

It really doesn't though. It just brings up currency accounts, forex companies or personal currency accounts for expats.
I did look at Wise but they seem to be more of an investment where the capital is at risk, I was looking for a more stable interest generating account.

I will keep looking though, Thanks,.

 

[Paul Kelly ICHYB]

Try 'uk usd interest baring account' - I got about 7!

 

[GLAbusiness]

Here is the search tern I used

best interest on uk bank US Dollar account


I got

• Long-term savings with decent access: Skipton International offers top rates up to 5% and is straightforward for UK residents.
• Shorter term, guaranteed rate: Opt for NatWest International or Lloyds International fixed-term accounts (~3.5–3.9%).
• Flexibility and convenience: Wise is easy to open, mobile-friendly, FSCS-safeguarded in part, and yields ~4–5% via interest funds.

 

[Scoombs]

Here is the search tern I used

best interest on uk bank US Dollar account


I got

• Long-term savings with decent access: Skipton International offers top rates up to 5% and is straightforward for UK residents.
• Shorter term, guaranteed rate: Opt for NatWest International or Lloyds International fixed-term accounts (~3.5–3.9%).
• Flexibility and convenience: Wise is easy to open, mobile-friendly, FSCS-safeguarded in part, and yields ~4–5% via interest funds.

Thanks, The issue if that this is for business accounts and those are far fewer. For example when I search I get HSBC as an option, I have that and the rate is abysmal, Wise is an investment, Barclays is just a currency account.

Thanks for the help, Maybe what I'm after doesn't exist, I'll just wait for Starmer to do a mini trump and send the exchange rate and convert to GBP.

 

[GLAbusiness]

So i added Business to the search term:

Provider	Rate	Access	Notes

Barclays

1.63% AER

Same-day, instant

Traditional bank, low yield, FSCS via GBP

SBI UK

0.10% AER

Instant

Low yield, for micro-businesses only

Skipton Int. (Guernsey)

3.75% AER

Easy-access variable

Offshore, Guernsey protection, $25k+ min

ICICI UK

Up to 4.20%

Fixed term (1–12 mo)

Higher yield, fixed term, FSCS likely

Bank of China UK

Up to 3.45%

Fixed term

Tiered rates, FSCS for UK deposits

Wise Business

~5.05% yield

Instant (fund-based)

Not FSCS, very convenient for USD payments

OFX

N/A yield

FX transfers

No interest, great for international payments