The offshore savings arm of Alliance and Leicester, Alliance and Leicester International Limited (ALIL), has announced an increase to interest rates on its Euro Savings accounts.
The changes, which take effect immediately, mean that the rates rise by 0.25 per cent to a market-leading 2.9 per cent gross per annum.
ALIL's decision follows the decision taken by the European Central Bank to increase the official euro rate last month.
"The increase to our Euro Savings account rate is good news for both new and existing savers," said Simon Hull, managing director of ALIL.
"Alliance and Leicester International is committed to providing offshore savers with a choice of currency accounts paying very competitive interest rates.
"Unlike many other Euro Savings accounts, Alliance and Leicester International Limited offers one rate on all balances from €5,000 upwards and this is proving extremely popular with customers," Mr Hull concluded.To read more about savings and investments, click here.
© Adfero Ltd