1 Year Offshore Fixed Rate Savings Account Launched By AIB International Savings

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AIB International Savings, recently voted ‘Best Offshore Bank for Expats’, has launched a 1 year fixed rate savings account to meet the demand from expatriate savers.

Gary Quaggan, Head of Retail Service & Operations, AIB International Savings Limited

Gary Quaggan, Head of Retail Service & Operations, AIB International Savings Limited

The 1 Year Fixed Rate Saver account has been developed to offer a top competitive interest rate for those savers able to tie their funds up for a longer term.

AIB International Savings, recently voted ‘Best Offshore Bank for Expats’*, has launched a 1 year fixed rate savings account to meet the demand from expatriate savers.

The offshore savings bank has continued to win awards for their account range, which has been developed to offer “outstanding customer value” according to AIB International Saving’s Head of Retail Service and Operations, Gary Quaggan.

Mr. Quaggan went on to add, “The 1 Year Fixed Rate Saver account has been developed to offer a top competitive interest rate for those savers able to tie their funds up for a longer term. It does however offer some flexibility with a one off 10% free withdrawal facility for any unexpected circumstances, where funds may be required during the term. This account compliments the suite of variable and short term fixed rate savings accounts we have available to ensure we provide a comprehensive savings range for our customers.”

The 1 Year Fixed Rate Saver is available for deposits in Sterling, US Dollars and Euros to appeal to the offshore bank’s global expatriate customer base. The Sterling account features in offshore fixed rate ‘Best Buy ‘ tables** thanks to its competitive interest rate of 3.50 gross % p.a. The US Dollar interest rate is 2.50 gross % p.a. with the Euro interest rate at 3.50 gross % p.a.

In addition to paying interest on-maturity, the 1 Year Fixed Rate Saver offers the option for account holders to receive interest on a monthly basis. This is ideal for savers looking to receive a monthly income from their savings. Monthly interest is paid at 3.44 gross % p.a. for Sterling and Euro and 2.47 gross % p.a. for US Dollars. The account is available to savers depositing from £5,000 ($5,000, €5,000).

For more information and full terms and conditions for the 1 Year Fixed Rate Saver account visit http://www.aibinternational.co.im.

  • AIB International Savings has been awarded the ‘Best Offshore Bank for Expats’ Overall Award 2012 by Nexus Expat Network for the eighth successive year.

** As ranked by Moneyfacts 5th March 2012

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