Rate is upped on Alliance & Leicester International Offshore Pension Reserve
www.moneynews.co.uk > Banking > Rate is upped on Alliance & Leicester International Offshore Pension Reserve
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Rate is upped on Alliance & Leicester International Offshore Pension Reserve
Thu 18th Jan 2007
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With the Bank of England raising the base rate to 5.25 per cent - Its third increase in the past six months - Alliance & Leicester International has responded by upping its gross and AER rates by a quarter point to five per cent on the Offshore Base Rate Tracker product.
In addition a quarter point increase also affects the Alliance & Leicester International Offshore Pension Reserve product which now has a gross and AER rate of 5.55 per cent.
Simon Hull, managing director of Alliance & Leicester International, commented: "Alliance & Leicester International is committed to providing customers with consistently competitive offshore savings rates.
He added: "By linking the rates on these accounts to Bank [of England] base rate we have ensured that customers in these accounts have benefited from the recent bank base rate rise within one week."
The bank has stated that the rates on its other savings accounts are under review and any changes to them will be announced.
Related News : Banking |
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Related News : Alliance & Leicester |
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