Alliance & Leicester launches market leading fixed rate bond

Alliance & Leicester Savings has launched a new, limited edition 1 Year Fixed Rate Bond with a great interest rate of 7.00% fixed gross pa/AER, the best rate available in the market for a standard one year Fixed Rate Bond.

This new Fixed Rate Bond is available from all Alliance & Leicester branches, for sums of between £1,000 and £1,000,000. The offer will only be available whilst funds last and it will mature on 1 February 2009.

Martin Leake, Savings Manager at Alliance & Leicester commented: “This is a strictly limited opportunity to invest anything from £1,000 to £1,000,000, and get the best risk free rate of return in the market, at a time when capital invested in other vehicles, like the stock market, appear exposed.”

The features of the account include:

An interest rate of 7.00% gross AER
Interest payable monthly, or on maturity
Minimum balance £1,000
Maximum of £1,000,000
Available to both new and existing customers, however the Bond will not be accepting transfers or cheques from other Alliance & Leicester accounts
Available from Alliance & Leicester branches

For further information, visit alliance-leicester.co.uk.