Alliance & Leicester launches fixed-rate bond
www.moneynews.co.uk > Banking > Alliance & Leicester launches fixed-rate bond
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Alliance & Leicester launches fixed-rate bond
Wed 16th Aug 2006
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The offshore savings bank has launched the new, limited edition one-year fixed-rate bond with a fixed interest rate of 5.3 per cent.
Customers are able to deposit between £25,000 and £1 million into the bond, which matures on August 31st 2007.
As with other issues, savers also have the choice to have their interest rate paid on the maturity of the bond or on a monthly basis.
This interest can be paid by transfer into another ALIL account or by transfer to a bank or building society account in the Isle of Man, UK or Channel Islands.
Simon Hull, managing director of ALIL commented: "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."
Related News : Banking |
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Related News : Alliance & Leicester |
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