New UK savings bonds range launched

Tue, 03 Apr 2007

Alliance &Leicester has announced the launch of a new range of UK savings bonds, extending its range of current savings bonds available to customers.

At a fixed rate of six per cent AER customers can deposit between £5,000 and £1,000,000 into the bond and have the option to have interest paid on the maturity of the bond or on a month by month basis, as is preferable.

Alliance &Leicester is optimistic that its new product will appeal to savers looking for competitive rates in the UK savings bonds market, offering an offshore savings solution and good value.

"Our range of fixed rate bonds continues to meet the needs of our customers," commented Simon Hull, managing director of Alliance &Leicester International.

"We strive to give our customers the best rate possible in what is a highly competitive market."

Last month Alliance &Leicester launched a limited edition one year fixed rate bond at 5.92 per cent, due to mature at the end of March 2008.

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