Alliance & Leicester launches new 9 month Business Bond

Alliance & Leicester Business Banking has launched a new limited edition 9 month Fixed Rate Business Bond, with a great fixed interest rate of 2.81% AER (2.80% gross), maturing on 1 March 2010.

This new Business Bond is available for business savings of between £50,000 and £2 million, and customers can apply quickly and easily over the telephone, online or in any Alliance & Leicester Branch. This offer is strictly limited and will only be available whilst funds last.

Ceri Henfrey, Head of Business Banking at Alliance & Leicester commented: "Alliance & Leicester Business Banking is committed to helping SMEs maximise their business potential and this new Business Bond is a great way for business owners to make the most of their surplus cash. This is a limited opportunity to invest anything from £50,000 to £2,000,000, and savers can get a guaranteed fixed rate, which is significantly above the current Bank of England base rate."

The features of the Business Bond include:

An interest rate of 2.81% AER, fixed for the term of the Bond
Interest payable on maturity, on 1 March 2010
Minimum balance £50,000
Maximum of £2,000,000

This product is a strictly limited offer and will not accept deposits already held with Alliance & Leicester, Abbey or Bradford & Bingley.

For further information on the range of business banking accounts available from Alliance & Leicester, visit alliance-leicestercommercialbank.co.uk