Following the success of its internet savings account – eSaver Offshore Issue 1 – Alliance & Leicester International Limited (ALIL), the Isle of Man-based offshore savings bank, has launched a new ‘eSaver Offshore Flexible Income’ account.

The new eSaver Offshore Flexible Income Account offers a rate of 6.35 per cent AER, with the option of either monthly or quarterly interest payment, and it allows investors to apply for and manage their savings online, with no need to print and post an application form.

The account offers easy access to savings – savers can withdraw up to £5,000 a month without notice. It also provides customers with one opportunity to change their interest payment preference to either monthly or quarterly.

Simon Hull, managing director of Alliance & Leicester International, says, ‘The launch of our ‘eSaver Offshore’ account last year simplified the offshore savings experience for expats, enabling customers to apply for and access their savings account any time, anywhere. Following this success, we’ve gone that extra step and launched a great new product that provides offshore customers with even more flexibility.
 
‘Our new eSaver Offshore Flexible Income account has been designed specifically for expat savers who require a regular income from their savings, providing them with the ease of an online account, strong rates and the opportunity to make a penalty-free withdrawal of £5,000 every month.’

This account can be held by UK savers, but will have to be declared for tax purposes. For more information, call 01624 641888 or visit  www.alil.co.im