Alliance & Leicester announces new Super Saver

Alliance & Leicester has launched a new Super Saver product, offering a great return on investment for its customers. The Super Saver product is a limited edition, 12 month fixed rate account, offering 5.50% if customers put an equal amount or more into any of Alliance & Leicester's range of investments, which includes guaranteed capital products. The combination of these products is designed for investors looking to balance short-term security with long term growth potential.

Matt Hall, Head of Savings at Alliance & Leicester said: "The new Super Saver balances the need for a safe haven for short term savings, whilst giving the opportunity to invest over the longer term for potentially higher returns than from a typical deposit account. The Super Saver suits those who are looking to make their money work harder, but still like the security of keeping some of their money in a savings bond."

Alliance & Leicester's Super Saver product features:

5.50% per annum gross, fixed for one year at maturity
Range of qualifying investments to choose from to meet your needs
Maximum of 50% of your total investment can be deposited in the Fixed Rate Savings Bond
Choice of interest payment either annually or monthly (interest is calculated daily).
The Fixed Rate Savings Bond element offers the competitive annual rate of 5.50% gross. Investors' savings will grow to a guaranteed sum at the end of the one-year term.

Alliance & Leicester's investment products aim to provide the potential for higher returns than from a typical deposit account over the medium to long-term.

This offer is only available for a limited time and investors who wish to apply, should visit alliance-leicester.co.uk