Alliance & Leicester International launches new eSaver account

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www.moneynews.co.uk > Banking > Alliance & Leicester International launches new eSaver account

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Alliance & Leicester International launches new eSaver account

Alliance & Leicester International has launched a new eSaver offshore flexible income account, offering a rate of 6.35 per cent AER on balances over £25,000.

Customers have the option of having their interest paid monthly or quarterly and can withdraw up to £5,000 a month without giving any notice.

The maximum balance of the account is £1,000,000 and the minimum opening balance required is £25,000 of funds that are new to Alliance & Leicester International.

Simon Hull, managing director of Alliance & Leicester International, said: "Our new eSaver Offshore Flexible Income account has been designed specifically for expat savers who require a regular income from their savings."

The bank's research has found that in the past, 59 per cent of its customers opted for an eSaver account because of its online application process, while 51 per cent chose Alliance & Leicester International because of its secure online banking facilities.

Last month it launched a limited-edition bonus for new holders of its international deferred interest accounts with funds over £100,000, offering pays 0.35 per cent over the standard variable rate of 5.95 per cent until June 30th 2008.
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