Finance: Alliance & Leicester account to target the sector

Helen Warrell

Alliance & Leicester has remodelled its Balance Builder account with new rates of interest to target medium and large-sized charity clients.

The account offers interest rates of 4.05 per cent for a balance of up to £49,999, 4.5 per cent up to £499,999, 4.7 per cent up to £999,999 and 4.75 per cent on any balance of more than £1m.

Commenting on the new account, Geoff Kontzle, head of the public sector at Alliance & Leicester Commercial Banks, said: "One of the things we have been keen on doing as a bank is developing a range of products that medium and large-scale charities can take advantage of.

"The Balance Builder account has a very attractive rate of interest and we don't require any notice for withdrawals. It is flexible and gives charities a great deal of convenience and opportunities for self-management."

For more information about the account, visit www.alliance-leicestercommericalbank.co.uk.

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