Alil offshore base rate tracker 'improved'
www.moneynews.co.uk > Banking > Alil offshore base rate tracker 'improved'
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Alil offshore base rate tracker 'improved'
Thu 3rd May 2007
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The Alil package possesses a competitive rate of 5.70 per cent, with the guarantee that the rate will be at least 0.35 per cent above the base rate until January 31st 2008.
After this period, the Alil base rate tracker will follow at no more than 0.25 per cent below the Bank of England base rate.
Requiring a minimum balance of £15,000, the Alil package pays interest on an annual basis, with one penalty-free sterling withdrawal per quarter.
Describing the package as "continuing to be well received", Simon Hull, managing director of the group, said that the package would appeal "to serious savers seeking certainty over their rate of interest, in the form of a link to the base rate".
Making one withdrawal possible, he said that it was ideal for people limiting access to savings while also providing the peace of mind "that they are able to access their funds immediately should they need to".
Related News : Banking |
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