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Anglo Irish’s offshore offers

Anglo Irish’s offshore offers

Category: Offshore savings

Updated: 09/03/2009
First Published: 06/03/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Anglo Irish Bank Corp. has increased the rate of interest on two of its offshore accounts, as well as introducing a new product to the market.

Consumers with three month privilege fixed interest accounts will benefit from a market leading rate of 4.50% (up 0.25%), while comparable twelve month accounts now offer rates of 5.00% (up 0.40%).

The bank has also announced a six month fixed term account, which requires a minimum payment of £5K, paying 4.75% on maturity. Consumers can access 20% of capital without penalty and additions are at managers' discretion.

All three bonds lead the way in their respective markets and the increases in rates, as well as a six month option, represents good news for investors looking to move their funds offshore. A degree of access and a low minimum payment will also curry favour.

The products have been awarded four out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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