Money Tools to help you manage your money better (Expat Investor)

Simon Ripton, joint managing director of Alliance & Leicester International:

With the world-wide recession underway, expats worldwide need to keep on top of their finances now more than ever. To cater for these customers, Alliance & Leicester International (ALIL) offer a number of competitive ‘Best-Buy’ products designed to provide savers with attractive rates in the current recession-hit climate.

To help savers secure their return in an uncertain time, ALIL has launched a One Year Fixed Rate Bond. This offers savers a solid, secure rate for a one year term and is ideal for those who want security and peace of mind that their rate will not change in the short-term. The Bond is fixed at 3.00% AER.

Savers who are looking for a longer term of investment however, may be best opting for a fixed rate deal with higher returns, such as ALIL’s Two Year Step-Up Bond, set at 3.50% AER for Year One and 4.00 AER for Year Two.

Those anticipating a base rate increase over the coming months, may want to opt for ALIL’s new one year tracker bond. The recently launched Bond guarantees a rate of up to 3.00% above the Bank of England base rate for one year. A monthly interest option is also available. These accounts can be opened with a minimum balance of £10,000 .and can be applied for by post and managed by post, phone or online.

Offering attractive savings products is not the only way to provide peace of mind to customers, and ALIL ensures it caters for expats via its MyBankOffshore service. This offers a variety of features for customers including 24 hour secure online banking system, as well as allowing them to view their account balance, current interest rate and account history. Customers are also able to communicate directly with ALIL via secure messaging as well as having the means to update their account information.

After 19 years serving expats ALIL remains at the forefront of the International Savings market. Check us out at www.alil.co.im.