Anglo Named Top Savings Provider for Second Year Running
Anglo Irish Bank Corporation (International) PLC has been named “Best Offshore Account Provider” at the Moneyfacts 2009 Awards. Moneyfacts is the largest independent publisher of personal finance data in the UK. The company monitors and reports on thousands of personal finance products, and its impartial data is highly valued by the financial services industry, the media, and the general public.
Being named “Best Offshore Account Provider” for the 2nd year in succession cements Anglo’s position as the leading provider of offshore savings accounts, and sets the seal on what has been a busy 12 months for the bank.
Commenting on the news, Gary Quaggan, Head of Retail Service & Operations at Anglo, said: “It’s no exaggeration to say that this is again a fantastic achievement for us. Additionally, this is the 5th time in the last 6 years that we have won a Moneyfacts award which once again confirms Anglo Irish Bank as one of the leading offshore savings providers in the marketplace.
At Anglo, we are a savings bank; we don’t offer credit and debit cards, or cheque books. Instead, we concentrate solely on offering a range of accounts which feature consistently competitive rates, low deposit entry level thresholds, plus ease of account opening and operation. All this is underpinned with an excellent level of customer service. It all adds up to a great package which we believe makes us the premier provider of offshore savings accounts.”
Anglo remarked that competition for savers’ money has been intense during what has been a challenging 18 months for the financial services sector as a whole. The bank, however, reports a good inflow of new customers, increased retention of existing customers, plus maintenance in the average level of account balances.
The Bank’s clients are, in the main, UK Expats (working or retired) or nationals of other countries who are working away from home, but who have the opportunity to take advantage of offshore accounts for their hard earned savings.
Anglo believes that in uncertain times, and with offshore savings in mind, many investors greatly value a UK or Western Europe style regulatory environment and culture.
The bank believes it benefits from being based in the Isle of Man which has one of the best regulatory regimes in the world, something which is hugely appealing to many investors.
Looking to the future, Gary Quaggan said, “Savers and investors are becoming increasingly sophisticated. They are demanding the total package; they want to place their cash with someone who is committed to offering competitive and sustainable rates, user friendly terms and conditions, a personal service, and one which is prudently managed. We believe that Anglo provides just that winning combination, and will continue to do so in future.”