Isle of Man-based Alliance & Leicester International is offering investors a penalty-free limited...
Isle of Man-based Alliance & Leicester International is offering investors a penalty-free limited access account with an interest rate guaranteed to be at least 0.25% above the Bank of England Base Rate until the end of December 2001.
Called the International Base Rate Tracker, the account from A&L International offers an "instant" access account with a variety of features designed to meet the needs of local, UK based and expatriate investors.
Minimum opening balance is £5,000, with five penalty free withdrawals allowed in any 12 month period and a guarantee that the rate will remain at least 0.25% above Bank Base Rate.
Alliance & Leicester International Managing Director, Simon Hull is confident that this new account will be well received by both existing and prospective customers.
"The International Base Rate Tracker complements our current range of products and is a key element of our marketing strategy for 2001. We are very pleased to be able to offer an instant access facility coupled with a higher rate of return. I am sure that the guaranteed rate will prove to be very attractive to both local and international customers, and we anticipate that this first issue of the International Base Rate Tracker will prove to be extremely popular," he adds.
Further details and application forms can be obtained from the A&L's Isle of Man offices or by telephoning +44 (0) 1624 663566.
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