| Type | subsidiary |
|---|---|
| Industry | International savings |
| Founded | 1990 |
| Headquarters | Douglas, Isle of Man |
| Products | Savings accounts in sterling, US dollars and euros |
| Owner(s) | Grupo Santander |
| Parent | Santander UK plc |
| Website | www.alil.co.im |
Alliance & Leicester International Limited (ALIL) has been part of Grupo Santander since 2008 and is a wholly owned subsidiary of Santander UK plc. The bank offers a range of international savings accounts primarily to Isle of Man residents and British expatriates but also to non-domiciles living in the UK, Channel Island residents and expatriates worldwide. ALIL's range of accounts include Instant Access, Notice, Monthly Interest and Fixed Rate Bonds in sterling, US dollars and euros.
The bank was formed in 1990 and is based in the Isle of Man. ALIL is one of the largest deposit takers in the Isle of Man with over £179 million in share capital and reserves. ALIL's eSaver accounts, which were launched in 2007, were the first international savings accounts to offer a purely online application process with no 'wet’ signature.[1]
On the 5 August 2011, the business of Bradford & Bingley International, which was also part of the Santander Group, was transferred to Alliance & Leicester International ahead of the expiry of the trademark licence on the Bradford & Bingley name in September 2011.