Alliance & Leicester enhances rate on e-Saver Offshore Issue 1

Alliance & Leicester International Limited (ALIL), the offshore savings bank, has today increased the rate on its e-Saver Offshore Issue 1 account, to a market leading 6.51% pa gross/AER.

Unlike many other offshore savings providers, ALIL’s eSaver Offshore is the only offshore savings account to offer a true online application process without the need for a ‘wet’ signature and was designed to enable customers to both buy and manage their accounts online in return for a great rate of interest on their offshore savings. The process eliminates the need for excessive paperwork by using ALIL’s internet banking service to provide secure, online, 2-way communication instead.

Simon Hull, Managing Director of Alliance & Leicester International commented: “Our eSaver Offshore account has already proved to be immensely popular with the expat community. The typical application process for offshore savings accounts can take weeks, however, with our unique online application process there’s no need to print, sign and post forms around the world, so a customer’s account can be up and running within just a few days. This, coupled with the increase in interest rate means that we continue to offer the best offshore savings deal on the market.”

The features of the account, include;

An interest rate of 6.51% gross AER
Instant access, Sterling on both joint and single accounts
Interest payable annually
Minimum balance £1,000
Maximum of £1 million
Available to both new and existing ALIL customers, but accounts must be opened with funds not already deposited with ALIL
Accounts managed online using MyBankOffshore, ALIL’s Internet Banking Service
No paper statements provided, instead, an up to date transaction history can be viewed online
Deposits and withdrawals completed electronically for speed and security
Online application process

For more information on ALIl’s eSaver Offshore account or to apply online visit alil.co.im.