Alliance & Leicester International announces changes to a selection of its closed accounts

Alliance & Leicester International Limited (ALIL) announced changes to the interest rates on a selection of its closed account products on the 19 April 2011, the products and new rates are as follows:

Product New Rate Gross % P.A. variable New Rate AER %
Esaver Offshore (Issue 2) 2.45 2.45
Esaver Offshore Notice 50 (Issue 1) 2.65 2.65
Esaver Offshore Flexible Income (Issue 1) 2.62 2.65
Select International (Issue 1) 2.45 2.45
Select 50 International (Issue 1) 2.65 2.65
Select Income International (Issue 1) 2.62 2.65

A history of the interest rates on the closed accounts can be found in the Interest rates section.

AER stands for Annual Equivalent Rate and shows what the interest would be if we paid interest and added it to your account each year.