Alliance & Leicester launches fixed rate bond at 6.20% AER

Alliance & Leicester International Limited (ALIL), the offshore savings bank, has launched a new, limited edition 1 Year Fixed Rate Bond (Issue 36) with a competitive fixed interest rate of 6.20% AER.

Customers can deposit between £5,000 and £1,000,000 into the Bond, which will mature on 31 May 2008 - interest is paid on maturity.

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 offer the best rates 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.”