UK Offshore Interest Rates Still On The Up

by Carla Johnson, Investors Offshore, London

14 February 2007

Offshore savings bank Alliance & Leicester International Limited has launched a new, limited edition 1 Year Fixed Rate Bond (Issue 32) with a highly competitive fixed interest rate of 6.00% gross pa/AER.

Customers can deposit between GBP5,000 and GBP1,000,000 into the Bond, which will mature on 29 February 2008. As with all previous issues, savers can choose to have their interest paid on the maturity of the Bond or on a monthly basis. Interest can be paid either by transfer into another ALIL account, or by transfer to a bank or building society account in the Isle of Man, United Kingdom or the Channel Islands.

Simon Hull, Managing Director of Alliance & Leicester International commented: "Our range of fixed rate bonds continue to be exceptionally well received. The rate offered on our latest fixed rate bond is highly competitive in the market and the term gives savers the option of accessing the market again for the best deal in 12 months' time. Our website www.alil.co.im allows customers to access all account details and to download an application form, speeding up the application process."

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