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Alliance And Leicester Increases Manx Interest Rates

by Carla Johnson, Investors Offshore, London

06 February 2007

Offshore savings bank Alliance & Leicester International has recently increased the rates on its offshore savings accounts, for both personal and corporate customers.

Simon Hull, Managing Director of Alliance & Leicester International Limited said: "Alliance & Leicester International aims to offer a range of extremely competitive offshore savings products to cover all of our customers' needs. The increases we have made to our portfolio reflect our determination to remain the most consistently competitive offshore savings provider."

The bank's Offshore 120 Plus account is now paying 5.70% annually for deposits over GBP10,000, while Non Personal & Third Party Accounts now pay up to 5.25% for 90-day deposits over GBP500,000.

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