ALIL launches three multi-channel savings accounts

Isle of Man-based Alliance & Leicester International (ALIL) has rolled out three multi-channel savings accounts designed to provide customers with more choice in how they manage their accounts.

The Select International range comprises three new accounts: Select International, Select 50 International and Select Income International.

It offers interest rates of between 2.5% and 2.75% AER variable. The range allows customers to manage their accounts by post, phone, in-branch as well as by using internet banking at: www.mybankoffshore.com.

Available from 13 March, the accounts are designed for international expats looking to place savings with a well-known bank in a secure and stable jurisdiction.

"In the current environment, with interest rates falling and uncertainty prevailing, it is vital that consumers shop around and review their savings, not only so that they make the most of their money, but so that they maintain control and can feel secure in the knowledge that they have a variety of ways in which to access their money," says Simon Ripton, joint managing director of ALIL.

"The new Select International range of accounts provides competitive, market leading interest rates, the security offered by saving with one of the World's largest financial institutions and the ability to manage your account by a whichever method is most convenient," he adds.