Two new products are now available to those people who want to save their pennies during this period of financial hardship.

Isle of Man-based Alliance & Leicester has extended its range of savings accounts to include the eSaver Offshore (Issue 2) and the eSaver Offshore Notice 50.

Offering a rate of 6.25 per cent gross PA/AER, eSaver Offshore (Issue 2) is a replacement of the firm's Issue 1 version of this account, while eSaver Offshore Notice 50 is designed for those who can plan their withdrawals in advance.

Managing director of Alliance & Leicester International Simon Hull said the products are easy to use and boast a "fast application process".

"Demand from customers, combined with internal customer research, has proved that consumers want the benefits that our eSaver Offshore products can offer, including accessing their savings account any time, anywhere," he stated.

Last week, Alliance & Leicester introduced another savings product, a one-year fixed-rate offshore bond.

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