Alliance & Leicester saving raise interest rates

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Alliance & Leicester saving raise interest rates

Alliance & Leicester International Limited (ALIL), the offshore arm of Alliance & Leicester savings, has raised the interest rates its Euro Saving and US Dollar Savings Accounts.

Depending on balances the Euro account rates have raised by up to 1.25 per cent gross, while the interest rates on the Dollar account have risen to 2.6 per cent on balances up to $49,000 and to 2.65 per cent on balances over $50,000.

Simon Hull, managing director of Alliance & Leicester International Limited, commented: "Alliance & Leicester International is committed to providing offshore savers with a choice of currency accounts paying competitive interest rates.

"With customers continuing to move, work or even just spend time abroad, we have seen an increase in demand for both US Dollar and Euro accounts. By continuing to offer straightforward products at market leading rates, ALIL will remain an obvious choice for the growing expatriate market."

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