New Notice and Access Products Launched

Alliance & Leicester International withdrew its eSaver Offshore and Select Offshore range of accounts today, 1 December 2011, and announced the immediate launch of its new range of online only and multi-channel savings accounts.

The new online savings accounts can be opened by completing the online application process found on the Company’s website.

• eSaver Access (Issue 1) offers an interest rate of 1.50% AER and has been awarded Best Buy Status by Moneyfacts
• eSaver Notice 180 (Issue 1) offers an interest rate of up to 2.50% AER
• eSaver Income 180 (Issue 1) also offers an interest rate of up to 2.50% AER, with a choice of quarterly or monthly interest to provide an income

The new multi-channel savings accounts must be opened by post or by visiting the branch in Douglas, Isle of Man; but can then be operated online, by post, phone or in person.

• Select Access (Issue 1) offers an interest rate of 1.50% AER and has been awarded Best Buy Status by Moneyfacts
• Select Notice 60 (Issue 1) offers an interest rate of up to 2.00% AER
• Select Notice 120 (Issue 1) also offers an interest rate of up to 2.25% AER
• Select Notice 180 (Issue 1) also offers an interest rate of up to 2.50% AER
• Select 180 Deferred (Issue 1) pays interest only when the account is closed and pays a rate of up to 2.25% AER*

The minimum deposit on the above accounts is £5,000 and the maximum is £10,000,000 (with the exception of the two access accounts where the maximum is £1,000,000). For further information on these products, please follow the product links above or contact us on +44 (0) 1624 641888.

*AER stands for Annual Equivalent Rate and illustrates what the interest would be if interest was paid and added to the account once a year. The Select Deferred 180 account quoted AER assumes that the account is held for one year and then closed.