Alliance & Leicester launches offshore base rate tracker
Monday, 19 Mar 2007 17:49
Offshore savings bank Alliance & Leicester International has launched a new version of its Offshore Base Rate Tracker.
This pays a market-leading interest rate of 5.60% gross pa/AER and guarantees to be at least 0.35% above Bank of England base rate until January 31st 2008.
"Our Offshore Base Rate Tracker products continue to be exceptionally well received," said Simon Hull, Alliance & Leicester International managing director.
"The rate offered on our latest Issue is highly competitive and will appeal to serious savers seeking certainty over their rate of interest, in the form of a link to base rate.
"The account allows one free withdrawal per quarter – so it’s ideal for those who are prepared to limit the access to their savings, for a market leading interest rate.
"But at the same time they have peace of mind that they are able to access their funds immediately should they need to, for example, in the event of an emergency. FX withdrawals are unlimited to facilitate movement of currency around the globe."
Offshore Base Rate Tracker 3 features
A market leading interest rate of 5.60% gross pa/AER
Rate guaranteed to be at least 0.35% above Bank of England Base Rate until 31 January 2008 – after which time, the rate will revert to no more than 0.25% below Bank of England Base Rate
Minimum Sterling balance of £15,000, maximum of £1,000,000
One penalty free sterling withdrawal per quarter
Unlimited FX Withdrawals
Interest paid gross annually
Quarterly statements