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Alliance & Leicester International Launches New Offering
by Jason Gorringe, Tax-News.com, London

29 April 2008

Alliance & Leicester International Limited, the Isle of Man based offshore savings bank, has launched a new 'eSaver Offshore Flexible Income' account, it announced recently.

The new eSaver Offshore Flexible Income Account offers an interest rate of 6.35% AER, with the option of either monthly or quarterly interest payment, and it allows customers to apply for and manage their savings online.

Additionally, customers can withdraw up to GBP5,000 a month without notice, for unforeseen expenses, with the provision to be able to change online whether they receive interest on a monthly or quarterly basis.

Simon Hull, Managing Director of Alliance & Leicester International explained that:

"Our new eSaver Offshore Flexible Income account has been designed specifically for expat savers who require a regular income from their savings, providing them with the ease of an online account, strong rates and the opportunity to make a penalty-free withdrawal of GBP5,000 every month."

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