A&L launches one year fixed rate bond paying 6.50%

Alliance & Leicester has launched a new fixed rate bond paying 6.50% gross on lump sum investments between £1,000 and £10,000, which replaces the Premier Regular Saver.

The bond is available to all existing customers of the Premier current account range, and all new customers who switch to one of the Premier range of current accounts in branch using the Premier Switching Service.

Andy Muddimer, Current Accounts Manager at Alliance & Leicester said: "With the current uncertainty surrounding the economic climate highlighting the importance of saving, it is now a good time to assess all your banking needs to make sure you are getting a good deal.

"Customers switching to an Alliance & Leicester Premier Account will not only benefit from this competitive savings rate but also the many other advantages of the Premier range, such as free annual multi-trip European travel insurance on the original Premier account, market leading interest rates through Premier Direct and Premier 21, or the important added value elements of Premier 50 - all in all, a great package.

The ‘Premier Switching Service' is designed for customers switching to one of Alliance & Leicester's Premier range of accounts - it takes the hassle out of transferring existing direct debits and standing orders from a customer's previous bank."