Alliance and Leicester International increases rates on its 'e-Saver Offshore' portfolio

Edited by the Insidemoneytalk editorial team Jun 20, 2008

Alliance and Leicester International (ALIL), the Isle of Man based offshore savings bank, has today increased the interest rates on its eSaver Offshore range of online savings products.

The new rates are available immediately and have increased as follows: eSaver Offshore Issue 2: +0.25% to 6.50% (AER).

eSaver Offshore Notice 50: +0.30% to 6.65% (AER).

eSaver Offshore Flexible Income: +0.29% to 6.65% (AER).

Simon Hull, Managing Director of Alliance and Leicester International commented: "As with all our 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, with very competitive rates.

These Best Buy rates further position Alliance and Leicester International as the online, offshore savings bank." As the first offshore savings account to offer an online application process without the need to print and sign a paper application form, ALIL's eSaver Offshore product range 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.

Earlier research 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.

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 eSaver Offshore accounts, or any other Alliance and Leicester International account, customers can call +44 (0)1624 641888 or visit www.alil.co.im.