Launch of Isle of Man-based expat savings brand

AIB International Savings has launched today following Anglo Irish Bank (International) becoming a wholly owned subsidiary of Allied Irish Bank earlier this year.

Speaking at the Isle of Man launch, David MacGregor, Managing Director said that the aim of the rebranding is to make the transition as “seamless as possible for our clients.”

Commenting on what the rebrand will mean for expat savers, MacGregor says there will be no significant changes in the day-to-day operation of accounts. Neither will it impact in the immediate future on the terms and conditions, interest rates or operation of accounts for existing depositors. MacGregor adds the Bank will be introducing a number of new savings products over the coming months. AIB International Savings has a dedicated offering to advisers.

In terms of deposit protection, AIB International Savings will continue to be a licensed bank, regulated by the Isle of Man Financial Supervision Commission. It also remains a participating institution of the Irish State guarantee provided for under the Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009.

http://www.aibjerseyisleofman.com