Abbey and Alliance & Leicester new 2 year fixed rate bond

Abbey and Alliance & Leicester Savings are launching a new 2 Year Fixed Rate Bond with a great interest rate of 4.01% fixed gross pa/AER - the best rate available in the market for a product of this type.

This new Fixed Rate Bond will be available from all Abbey and Alliance & Leicester branches, for balances of between £30,000 and £2,000,000. This is a limited offer and will only be available whilst funds last.

Reza Attar-Zadeh, Director of Savings & Investments at Abbey and Alliance & Leicester commented: "This is a limited opportunity for customers to get the best fixed rate in the market - offering a guaranteed return for two years, four times higher than current base rate. The account also offers the option of monthly interest for those looking for a regular income, with the confidence that their savings are safely held with one of the world's largest banks."

The features of the account include:

4.01% gross AER - 3.94% monthly rate also available
Minimum investment £30,000, with a maximum of £2,000,000
Available to all customers depositing additional funds to the Santander Group (Alliance & Leicester, Abbey or Bradford & Bingley)
Access during fixed term allowed, subject to an early closure charge
Interest payable annually, or monthly.