Alliance & Leicester International (A&LI) has increased the interest rates paid on its US dollar a...
Alliance & Leicester International (A&LI) has increased the interest rates paid on its US dollar and euro savings accounts.
The move follows recent changes in US dollar official rates, after the US Federal Open Market Committee (FOMC) increased interest rates by a further 0.25% in January to 4.5%.
Rates have also increased by 2.4% on A&LI's euro savings account, in response to the European Central Bank's official rate increase to 2.25%.
The minimum required balance is E5,000 (£3,422).
Simon Hull, managing director at A&LI, said: "A&LI is committed to providing offshore savers with a choice of currency accounts paying competitive interest rates.
"We endeavour to respond to rate increases in the market and believe the higher rates for the lower interest rate tiers will be particularly attractive to retail customers with lower levels of savings balances."
A&LI has increased rates on dollar and euro accounts
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