Alliance & Leicester and Abbey launch new bond

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Alliance & Leicester and Abbey launch new bond

Fri 20th Feb 2009

Alliance & Leicester and Abbey have announced the launch of a new bond which offers a guaranteed fixed rate of interest.

The two-year bond offering will pay interest at a rate of 4.01 per cent a year on balances of between £30,000 and £200,000.

Reza Attar-Zadeh, director of savings and investments at Abbey and Alliance & Leicester, said that the bond offering is limited and will only be available while funds last.

He added: "The account also offers the option of monthly interest for those looking for a regular income, with the confidence that their savings are safely held with one of the world's largest banks."

Both Abbey and Alliance & Leicester are owned by the Santander group.

Originally based in Spain, Santander now has 11,178 banking branches across the globe - one of the world's largest branch networks.

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