ALIL launches net account

Alliance & Leicester International Limited ALIL, the offshore savings bank, has launched a new internet savings account, offering 6.15% gross AER.

The bank says the new 'eSaver Offshore' account is the first offshore savings account to offer an online application process without the need for a 'wet' signature. Hence, applicants should be able to apply from wherever they live or work in the world and to complete the application process with minimal inconvenience.

Minimum balance is £1,000, maximum £1,000,000.

The instant access account is Sterling denominated on both joint and single accounts. Interest meanwhile is payable annually - there is no monthly interest option.

Available to both new and existing ALIL customers, accounts must be opened with funds not already deposited with ALIL.

Using MyBankOffshore, ALIL's Internet Banking Service, no paper statements are provided, instead, an up to date transaction history can be viewed online, with deposits and withdrawals completed electronically.

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2007-05-29 10:18:28 © Moneyextra.com