By upping the interest rates on its US Dollar annual interest savings account, Alliance & Leicester International (ALIL) now tops the US Dollar savings market.
Savers can take advantage of the rate rise of 0.25 per cent, a move that makes ALIL's savings account the most competitive in the US Dollar market.
This increase, that takes immediate effect, means that savers are already receiving an interest rate that is 0.70 per cent higher than what they were in the beginning of the year, following two previous rate increases already this year.
Simon Hull, managing director of ALIL, commented: "Alliance & Leicester International is committed to providing offshore savers with the best rates possible. With customers continuing to move, work or even just spend time abroad, we have seen a steady increase in demand for US Dollar accounts.
"By continuing to offer straightforward products at market leading rates, US Dollar deposits will continue to grow and ALIL will remain an obvious choice for the growing expatriate market."
Alliance & Leicester is one of the UK's major financial services groups. It offers a broad range of financial services to personal and commercial customers.
Alliance & Leicester is the UK's seventh largest bank, with around 5.5 million customers.
ALIL ups interest rates on savings account
ALIL ups interest rates on savings account
Wed, 25 May 2005
<% Randomize: ord=int(rnd*1000000000) %>
 %>?)
| savings news |
|---|
| Skipton BS launches new savings bonds - Mon, 05 Jan 2009 |
| People make savings resolutions - Fri, 02 Jan 2009 |
| Nationwide BS to cut savings rates - Wed, 31 Dec 2008 |
| More News |
