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Alliance & Leicester launches new offshore account

07 March 2005
Alliance & Leicester's international arm has launched the Offshore 60 Plus Account, the latest addition to its comprehensive offshore account portfolio.

The Offshore 60 Plus requires 60 days' notice for withdrawals, and a minimum balance of £10,000.

The account offers a choice of monthly or annual variable interest rates, dependent on the account balance.

For balances of between £10,000 and £49,000, account holders can chose between an annual interest rate of 4.85 per cent, and a monthly rate of 4.70 per cent.

Balances between £50,000 and £99,000 have the option of a monthly 4.80 per cent or an annual 4.95 per cent.

Account holders with £100,000 or more get the choice of an annual 5.05 per cent or monthly 4.90 per cent.

All rates are variable and include a special introductory premium of 0.30% guaranteed until 1st June 2005.

"The introduction of the Offshore 60 Plus Account enhances our range of savings offers, enabling us to satisfy the requirements of all deposit-based investors," said Simon Hull, managing director of Alliance & Leicester International.

Withdrawals can be made without 60 days' notice, but account holders forfeit the interest those 60 days would have accrued.

To find out more about offshore banking, click here.
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