A&LI one-year fixed-rate bond launched
www.moneynews.co.uk > General finance > A&LI one-year fixed-rate bond launched
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Money News |
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A&LI one-year fixed-rate bond launched
Thu 12th Oct 2006
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Maturing on October 31st 2007, the Alliance & Leicester International one-year fixed-rate bond offers a fixed-rate of 5.50 per cent and deposits must be between £5,000 and £1,000,000.
There is flexibility over the interest paid on the account as the customer has the choice of receiving interest on a monthly basis or in a lump sum on maturity of the bond.
The managing director of Alliance & Leicester International, Simon Hull, stated: "Our range of fixed rate bonds continue to be exceptionally well received."
"The rate offered on our latest fixed rate bond is highly competitive in the market and the term gives savers the option of accessing the market again for the best deal in 12 months' time," he added.
The Alliance & Leicester International one-year fixed-rate bond benefits from the Isle of Man Depositors' Compensation Scheme which safeguards deposits if for instance, a bank becomes insolvent.
Related News : General finance |
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Related News : Alliance & Leicester |
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