Alliance & Leicester announces new fixed-rate bonds
www.moneynews.co.uk > Banking > Alliance & Leicester announces new fixed-rate bonds
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Money News |
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Alliance & Leicester announces new fixed-rate bonds
Wed 16th Apr 2008
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The six month fixed-rate bond pays 6.72 per cent gross, while the one, two and three-year bonds have rates of 6.5 per cent, 6.3 per cent and 6.5 per cent gross respectively.
All of the bonds give the customer the option of having their interest paid monthly or on maturity, as well as a minimum balance of £1,000 and a maximum limit of £1,000,000.
They are available to both new and existing customers, but will not accept transfers or cheques from other Alliance & Leicester accounts.
Mike Leake, savings manager at the bank, said: "Fixed rate bonds provide security of capital and a guaranteed return, so you know exactly what you're getting for your hard earned savings."
Yesterday Abbey launched three new bonds, namely a fixed-rate, 50-plus and children's savings bond.
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Related News : Alliance & Leicester |
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