Jersey-based Lloyds TSB International has overhauled its International Bonus Saver Account with a new introductory rate allowing savers to earn 2.5% gross interest in the first year.
The account can be opened in sterling or euros, with a minimum balance of £/€5,000 and a maximum of £/€1m.
Savers who open a sterling denominated account will receive a 0.5% bonus over the first 12 months, meaning they will receive 2.5% gross, 2.52% annual equivalent rate. The Euro introductory bonus is 1%, giving a rate of 2% gross. However, for euro savers the bonus lasts only six months
Lloyds said the extension of the sterling bonus rate from six to 12 months is one of the main changes to the account, which also offers instant access and pays monthly interest.
The bonus rate is also only open to new money not already deposited with Lloyds.
Mark Spagnoli, product manager for Lloyds TSB International, said: “The International Bonus Saver Account offers those looking to find a new home for their Euro and Sterling savings the best of both worlds – an attractive rate of interest, paid monthly so that they won’t lose out if they need to dip into their account.”
http://www.lloydstsb-offshore.com/international/savings/bonus-saver/ Llo
