Interest rate increases announced for instant access accounts

Alliance & Leicester International has announced an interest rate increase on its Select Access (Issue 1) accounts and eSaver Access (Issue 1) accounts. These instant access accounts will, from 23 April 2012, pay an impressive 2.45% AER (previously 1.50% AER) and accounts can be opened with as little as £5,000.

Moneyfacts have recognised both products with 4 Star Awards and the 2.45% AER interest rate with Best Buy Status.

At the same time the Company has withdrawn from sale its Select Bonus, Select Notice 60, Select Notice 120, eSaver Notice 180 and eSaver Income 180 accounts.