|
Jul 27, 2006
Effective immediately, Alliance &
Leicester International Limited (ALIL) announced an increase in the interest
rates paid on its US Dollar Savings and US Dollar 30 accounts. The tables below
compare both old and new rates by tier:
|
Currency
Product
|
Interest Rate Tier
|
Previous Rates Gross
pa/AER
|
New
Rates
Gross
pa/AER
|
|
US Dollar Savings
|
$100,000
+
|
4.95
|
5.20
|
|
US Dollar Savings
|
$5,000
- 99,999
|
4.75
|
5.00
|
|
US Dollar 30
|
$100,000
+
|
5.25
|
5.50
|
|
US Dollar 30
|
$5,000
- 99,999
|
5.05
|
5.30
|
The increase in ALIL’s US Dollar rates
follows recent developments in US Dollar official rates. On June 29, the US
Federal Open Market Committee (FOMC) increased its target for US overnight interest rates by
0.25%, taking the official rate to 5.25%.
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