Alliance & Leicester launches two new Fixed Rate Bonds

Alliance & Leicester Savings has launched two new Fixed Rate Bonds with competitive interest rates - a 6 Month Fixed Rate Bond, and a 3 Year Fixed Rate Bond with interest rates of 4.50% gross and 4.00% fixed gross pa/AER respectively.

These new Fixed Rate Bonds are available from all Alliance & Leicester branches, for sums of between £1,000 and £2,000,000. The offer will be available whilst funds last, with the 6 Month Bond maturing on 30 June 2009, and the 3 Year Bond maturing on 31 December 2011.

Martin Leake, Savings Manager at Alliance & Leicester commented: "With the recent dramatic cut in the Bank of England Base Rate, and speculation that further cuts may be in the pipeline, these Bonds provide certainty of return for savers. This is a limited opportunity to invest anything from £1,000 to £2,000,000, and getting a guaranteed return which is above the current bank base rate, without the risk of being exposed to stock market volatility."

The features of these accounts include:

An interest rate fixed over the term of the Bond
Interest payable annually or monthly
Minimum balance £1,000
Maximum of £2,000,000

Available to both new and existing customers, however transfers or cheques from other Alliance & Leicester Savings accounts are not being accepted, unless from a maturing Alliance & Leicester Bond.

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