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US citizens in the UK · Institutions

Which NS&I accounts accept US citizens

Last checked

NS&I offers a savings account to a US person.

If you already have an account with NS&I, a second one there is usually the easier application, because NS&I has already checked who you are. Each account below carries its verdict, the evidence behind it and the date it was checked.

At a glance

Account Verdict Last checked
Savings accounts Opens

Savings accounts

Compare with other providers
Opens

NS&I is backed by HM Treasury, and a UK-resident US person can hold Direct Saver or Income Bonds provided you keep a UK sterling account. Avoid Premium Bonds: they pay prizes rather than interest, cannot be held while you are physically in the US, and the prizes are US-taxable. The US taxes the interest as ordinary income.

HM Treasury backed · online, phone or post

Account Terms The catch
Direct Saver
Access
Easy access
Rate
3.75% AER, variable
Min
£1
Max
£2,000,000
Rate as of
 None material; no-notice access, interest added yearly.
Income Bonds
Access
Easy access
Rate
3.75% AER, variable
Min
£500
Max
£1,000,000
Rate as of
 Interest paid monthly to your bank rather than compounded.

Source: NS&I, using NS&I outside the UK, 2026-08-09 Last checked NS&I's own page

Account names link to the provider's own site. momo has no active affiliate partnerships; if that changes it will be disclosed and will never change a verdict. Every institution, A to Z.

Confirm your own position with a cross-border specialist. Acceptance policies and tax rules change, and your facts may differ from the general case. Rates and terms here are the provider's published figures rather than an offer, and the provider decides each application on its own criteria. Use this as a map, not a ruling. Last checked .
Tax

FATCA

FATCA makes UK banks report accounts held by US persons to the IRS. It is not a tax; it is a reporting trail. Where it bites is access.

 Tax

FBAR

If your foreign accounts top $10,000 combined at any point in the year, you file an FBAR. What counts, when it is due, and what happens if you miss it.