Aug 18 2006
Alliance & Leicester International Limited is increasing rates on a number of its popular savings accounts.
The offshore savings bank is taking the lead of many other financial institutions following the Bank of England's decision to raise the base rate by 0.25 per cent, and is boosting the rates on several accounts.
A&L is increasing the interest rate on its Offshore 120 Plus to 5.2 per cent, its Offshore Base Rate Tracker to 4.5 per cent and its Offshore Pension Reserve to 5.05 per cent.
"Alliance & Leicester International is committed to providing customers with consistently competitive offshore savings rates, and by linking the rates on these accounts to Bank Base Rate we have ensured that customers in these accounts have benefited from the recent Bank Base Rate rise within one week," said Simon Hull from Alliance & Leicester.
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