Alliance & Leicester launches competitive fixed rate bond

Alliance & Leicester International Limited (ALIL), the offshore savings bank, has launched a new, limited edition 1 Year Fixed Rate Bond (Issue 34) with a competitive fixed interest rate of 6.00%.

Customers can deposit between £5,000 and £1,000,000 into the Bond, which will mature on 30 April 2008. As with all previous issues, savers can choose to have their interest paid on the maturity of the Bond or on a monthly basis. Interest can be paid either by transfer into another ALIL account, or by transfer to a bank or building society account in the Isle of Man, United Kingdom or the Channel Islands.

Simon Hull, Managing Director of Alliance & Leicester International commented: “Our range of fixed rate bonds continues to meet the needs of our customers. We strive to give our customers the best rate possible in what is a highly competitive market. We are truly Offshore with all of our customer data held in the Isle of Man and this offering represents excellent value for our customers.”