Alliance &Leicester International, the bank's offshore savings department, has raised the interest on its Euro savings account.
Customers with the savings account will now see the rate rise by 0.25 per cent, to 2.9 per cent, which the company states is "market leading".
The decision to raise the interest rate on the savings account follows the rise of the official Euro rate, as determined by the European Central Bank.
Simon Hull, managing director of Alliance &Leicester International, commented: "The increase to our Euro savings account rate is good news for both new and existing savers."
Alliance &Leicester International is committed to providing offshore savers with a choice of currency accounts paying very competitive interest rates.
He adds that unlike other Euro savings accounts, Alliance &Leicester International offers one rate on all balances from €5,000 upwards, which he states is proving "extremely popular" with customers.
Alliance &Leicester is one of the UK's major providers of financial services, offering its customers a broad range of products, including savings account, mortgages, and other banking services.
A&L raises interest on Euro savings account
A&L raises interest on Euro savings account
Thu, 13 Jul 2006
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