Alliance & Leicester International fixed-rate bond provides "excellent value"

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Alliance & Leicester International fixed-rate bond provides "excellent value"

Alliance & Leicester International has announced that it will be rolling out a new fixed-rate bond.

Enabling customers to deposit between £5,000 and £1,000,000, the Alliance & Leicester International bond offers a fixed rate of six per cent until its maturity on April 30th 2008.

The bond also has a flexible nature, so that customers can have their interest paid when the bond matures or on a monthly basis.

It can also be transferred to banks or building societies in the Isle of Man, United Kingdom or the Channel Islands.

Simon Hull, managing director of Alliance & Leicester International, said that its range of fixed-rate bonds "continues to meet the needs of customers".

He added: "We strive to give our customers the best rate possible in what is a highly competitive market. We are truly offshore with all of our customer data held in the Isle of Man and this offering represents excellent value for our customers."

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