Alliance & Leicester launches new 12 month Business Bond

Alliance & Leicester Business Banking has launched a new limited edition 12 month Fixed Rate Business Bond, available to businesses with a turnover of up to £1 million. The new bond has a great fixed interest rate of 3.20 per cent gross pa/AER and matures on 1 July 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 This offer will be available for a limited time only and may be withdrawn without notice, so we would encourage businesses to open one without delay.

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, with a guaranteed fixed rate, which is significantly above the current Bank of England base. Businesses can also be safe in the knowledge that their savings are securely held with one of the world's largest banks."

The features of the 12 month Business Bond include:

An interest rate of 3.20 per cent gross pa/AER, fixed for the term of the Bond

Interest payable on maturity, on 1 July 2010

Minimum balance £50,000, maximum of £2,000,000

These products are strictly limited offers and will not accept deposits already held with any UK Santander brand.

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