Alliance and Leicester has almost doubled starter interest rates on its instant access Euro account. ...
The rate has jumped from 2.50% to 4.50% gross for accounts holding up to 10,000 Euros.
Account holders with more than 100,000 Euros will now earn 4.80% gross interest.
The previous rate was 4.25% - a quarter percent less than the new starter rate.
Simon Hull, managing director of Alliance and Leicester International said: "As part of the Alliance and Leicester Group we benefit from the Group's business acumen which means we are able to pass on these benefits in the form of very competitive interest rates to our world-wide customer base."
Alliance and Leicester has also boosted the rates of its US Dollar account.
Starting at 4.30% gross, the rate rises to 4.35% gross for accounts holding $100,000 or more.
The rates of it's nearest competitors, Abbey National, Bradford and Bingley and Northern Rock, remain at 4.10%.
Hull said: "An increasing number of investors now view the Euro as a major currency but are, understandably, anxious about the current levels of interest rates."
The European Central Bank has recently followed the trend of cutting interest rates by reducing Euro rates from 4.75% to 4.50%.
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