Alliance & Leicester launches fixed-rate investment bond

Thu, 17 Aug 2006

Alliance &Leicester International has launched a new limited edition one-year fixed-rate investment bond, which the company claims is "highly competitive".

The investment bond features an interest rate of 5.3 per cent, with customer able to deposit between £25,000 and £1 million.

Savers are able to choose to receive their interest when the bond matures, on August 31st 2007, or monthly.

Furthermore, interest on the investment bond can be paid into a bank or building society in the UK, Isle of Man, or Channel Islands.

Simon Hull, managing director of Alliance &Leicester International, commented: "Our range of fixed-rate bonds continue to be exceptionally well received.

"The rate offered on our latest fixed-rate bond is highly competitive in the market and the term gives savers the option of accessing the market again for the best deal in 12 months' time."

Alliance &Leicester is one of the largest providers of financial services in the UK, with a broad range of options for individual and commercial customers.

The company also has a 3.4 per cent share of the UK mortgage market and 1.52 million active current accounts .

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