Alliance & Leicester launches fixed rate bond at 6.30%

Alliance & Leicester International Limited (ALIL), the offshore savings bank, has launched a new, limited edition 1 Year Fixed Rate Bond (Issue 38) with a competitive fixed interest rate of 6.30% AER.

Customers can deposit between £5,000 and £1,000,000 into the Bond, which will mature on 30 June 2008 - interest is paid either on maturity or can be paid monthly for those customers seeking a fixed regular income.

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.”