Alliance and Leicester International extends its 'eSaver Offshore' portfolio

New 'eSaver Offshore Notice 50' offering a competitive 6.35% gross pa/AER New 'eSaver Offshore (Issue 2)' offering a competitive 6.25% gross pa/AER

Following the launch of its innovative eSaver Offshore (Issue 1) account last year and the recent launch of its new eSaver Offshore Flexible Income account in April, Alliance and Leicester International Limited (ALIL), the Isle of Man based offshore savings bank, has today launched two new additions to its online savings portfolio - 'eSaver Offshore (Issue 2)' and 'eSaver Offshore Notice 50'.

As the first offshore savings account to offer an online application process without the need to print and sign a paper application form, 'eSaver Offshore (Issue 1)' was designed to enable customers to both buy and manage their accounts online and in return, receive a great rate of interest on their offshore savings.

The new 'eSaver Offshore (Issue 2)' replaces the bank's current 'eSaver Offshore (Issue 1)' and offers a competitive rate of 6.25% gross pa/AER variable.

The account provides customers with the flexibility of managing their offshore banking online and enables easy access to their savings.

The new 'eSaver Offshore Notice 50' offers customers the opportunity to further maximise their savings online.

This account is for savers who are able to plan their withdrawals in advance, in return, customers receive a very competitive interest rate of 6.35% gross pa/AER variable on balances of £25,000 or more.

Simon Hull, Managing Director of Alliance and Leicester International commented: "After having such success with our eSaver Offshore (Issue 1), we are pleased to launch these two new additions to our 'eSaver Offshore' portfolio.

Demand from customers, combined with internal customer research, has proved that consumers want the benefits that our eSaver Offshore products can offer, including accessing their savings account any time, anywhere.

"We are confident that both the 'eSaver Offshore (Issue 2)' and the 'eSaver Offshore Notice 50 (Issue 1)' will provide today's expatriate with a fast application process and ease of use, together with great rates.

These new accounts cement Alliance and Leicester International's position as the leading online offshore savings bank." Research has found that six in ten (59%) ALIL eSaver customers opted for an eSaver account because of its easy online application process, while over half (51%) chose ALIL due to its secure online banking facilities.

The bank's unique MBOS (MyBankOffshore Internet Banking Service) has also proved popular with 83% of eSaver customers using the system regularly and nine in ten finding the online banking process easy to use.

Simon Hull continues: "As with all Alliance and Leicester International products, innovation, access and strong rates are key, which is why we're constantly striving to ensure our customers get the products they really want." The key features of the new 'eSaver Offshore (Issue 2)' account include; An interest rate of 6.25% gross pa/AER variable Interest payable annually.

Minimum Sterling balance of £15,000, maximum of £1,000,000.

Available to both new and existing ALIL customers, however accounts must be opened with funds not already deposited with ALIL Online application process.

Accounts managed online using MyBankOffshore, ALIL's Internet Banking Service.

No paper statements provided, instead, an up to date transaction history can be viewed online and printed.

Deposits and withdrawals completed electronically for speed and security Instant access to funds - minimum withdrawal £5,000.

Unlimited withdrawals available by paid for same day CHAPS, or 1 free BACS withdrawal per quarter.

The key features of the new 'eSaver Offshore Notice 50 (Issue 1)' account include: An interest rate of 6.35% gross pa/AER variable Interest payable annually.

Minimum Sterling balance of £25,000, maximum of £1,000,000.

Available to both new and existing ALIL customers, however accounts must be opened with funds not already deposited with ALIL.

Online application process.

Accounts managed online using MyBankOffshore, ALIL's Internet Banking Service.

No paper statements provided, instead, an up to date transaction history can be viewed online and printed.

Deposits and withdrawals completed electronically for speed and security.

Access to funds with 50 days notice or interest charge of 50 days applies - minimum withdrawal £25,000.

Withdrawals available by paid for CHAPS or unlimited free BACS Alliance and Leicester International's eSaver Offshore products provide customers with the ability to access and manage their account anytime, anywhere in the world via ALIL's innovative online banking system.

For more information on these new accounts, or any other Alliance and Leicester International account, customers can call +44 (0)1624 641888 or visit www.alil.co.im.

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