Alliance & Leicester savings account launched
www.moneynews.co.uk > General finance > Alliance & Leicester savings account launched
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Money News |
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Alliance & Leicester savings account launched
Thu 25th Sep 2008
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The internet only eSaver Issue 2 product pays 6.6 per cent gross a year (6.41 per cent gross monthly) and is available for balances from £1 to £500,000.
It pays interest per month and is intended for customers saving a lump sum for a longer period of time, or those who want a monthly income from savings.
As such, if a withdrawal is made in any month except July, no interest will be earned in that month.
Hetal Parmar, manager for savings at Alliance & Leicester, said the new account gives "a market leading return" and also that it guarantees to keep the rate above the Bank of England base rate by at least half a per cent until February 28th 2010.
In related news, Baronworth Investment Services has found that guaranteed bond rates have improved over the last week.
It said they are "still a safe haven" for people with £35,000 or more to invest.
According to its survey, the best rate today is for a one year annual bond for £500,000 or more from AIG.
Related News : General finance |
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Related News : Banking |
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Related News : Alliance & Leicester |
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