Alliance & Leicester International Limited Offshore paying 6.65%

Mtec

eSaver Offshore Flexible Income (Issue 1)Interest Rate (AER):Interest rates are variable.

Choice of monthly or quarterly interest.

Minimum Balance:£25,000 Maximum Balance:£1,000,000
Withdrawal Arrangements:Withdraw £5,000 once per month without notice.

All other withdrawals available on 60 days notice.Access:Online only via Internet Banking. No cash or cheques.

Tax Status:Interest paid gross to residents outside the UK and EU. For EU residents including the UK, EU Savings Tax Directive rules apply. See our website for details.


Does anyone have an account, had any problems, or have an opinion one way or other re the above?

MarkFromCornwall

Mtec wrote: »

eSaver Offshore Flexible Income (Issue 1)Interest Rate (AER):Interest rates are variable.

Does anyone have an account, had any problems, or have an opinion one way or other re the above?

I believe it's covered by the Isle of Man Depositors' Compensation Scheme. I visited the island last summer and it's a lovely place, but as far as savings are concerned I'd prefer to be covered by the UK's FSCS.

Mark