ALIL Euro Savings increases rates
www.moneynews.co.uk > General finance > ALIL Euro Savings increases rates
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ALIL Euro Savings increases rates
Wed 25th Oct 2006
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The rate of the ALIL Euro Savings account has risen 0.25 per cent from 2.90 per cent to the new rate of 3.15 per cent.
According to the bank, the decision to increase the interest rate on this account can be linked to the European Central Bank's euro rate increase.
In comparison to other easy access offshore savings accounts, the ALIL Euro Savings account bettered those offered by Anglo Irish – Privilege Access, Nationwide International and Irish Permanent IOM.
Simon Hull, managing director of ALIL, remarked: "The increase to our Euro Savings Account rate is good news for both new and existing savers. Alliance & Leicester International is committed to providing offshore savers with a choice of currency accounts paying very competitive interest rates."
Mr Hull also stated that the ALIL Euro Savings Account was "unlike many other euro savings accounts" in that on all balances of €5,000 or above it offers one interest rate.
The account offers customers the ability to obtain funds within two days and interest is paid annually.
Related News : General finance |
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Related News : Alliance & Leicester |
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