Alliance & Leicester International launches bonus offer

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Alliance & Leicester International launches bonus offer

Alliance & Leicester International has launched a new limited-edition bonus for new holders of its international deferred interest accounts (IDIAs).

The promotion is only available to accounts opened with funds of over £100,000 or more and pays a bonus of 0.35 per cent over the standard variable rate of 5.95 per cent until June 30th 2008.

Alliance & Leicester's IDIA account has a minimum sterling balance of £10,000 and a maxium of £1,000,000.

Customers can access their funds with 180 days notice in the first three years, with instant access after that.

They can also access and manage their account at anytime, anywhere in the world using the bank's online banking system.

Simon Hull, managing director of Alliance & Leicester International, said: "Ensuring you make the most of your savings is key to managing your financial future … Our International Deferred Interest Account enables customers to make the most of their savings."

For those savers whose accounts are based in the UK, Alliance & Leicester said it was "disappointed" that the chancellor had not changed the individual savings account system in yesterday's budget.
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