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Zurich Financial Services launches new online bank with Bank of Scotland

Internet Business News, Jan 17, 2002

INTERNET BUSINESS NEWS-(C)1995-2002 M2 COMMUNICATIONS LTD

A new online bank has been launched from Zurich Financial Services in conjunction with the Bank of Scotland, part of HBOS.

The launch comes following a trial launch to Zurich's own staff in autumn 2001. The bank has introduced an account that guarantees to pay interest at half a percent below the Bank of England rate for the lifetime of the account.

Zurich Financial Services has reportedly invested GBP90m into the online venture.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2002 M2 Communications Ltd.
COPYRIGHT 2008 Gale, Cengage Learning
 

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