London, United Kingdom (PressExposure) December 17, 2008 -- Alliance & Leicester Savings has today launched two new Fixed Rate Bonds with competitive interest rates â a Fixed Rate Bond maturing 1 June 2009, and a 3 Year Fixed Rate Bond with interest rates of 4.05% and 3.75% fixed AER respectively.
These new Fixed Rate Bonds are available from all Alliance & Leicester branches, for sums of between Â£1,000 and Â£2,000,000. The offer will be available whilst funds last, with the bonds maturing on 1 June 2009 and 1 February 2012.
Martin Leake, Savings Manager at Alliance & Leicester commented: âWith the recent dramatic cut in the Bank of England Base Rate, and speculation that further cuts may be in the pipeline, these Bonds provide certainty of return for savers. This is a limited opportunity to invest anything from Â£1,000 to Â£2,000,000, and getting a guaranteed return which is above the current bank base rate, without the risk of being exposed to stock market volatility.â
The features of these accounts include: â¢ An interest rate fixed over the term of the Bond â¢ Interest payable annually or monthly â¢ Minimum balance Â£1,000 â¢ Maximum of Â£2,000,000 â¢ Available to both new and existing customers, however transfers or cheques from other Alliance & Leicester Savings accounts are not being accepted, unless from a maturing Alliance & Leicester Bond. â¢ Available from Alliance & Leicester branches To find your nearest Alliance & Leicester branch, phone 08000 68 66 99 or log on to www.alliance-leicester.co.uk
- ENDS - Notes to Editor: These new fixed rate bonds have replaced the 6 month and 3 year fixed rate bonds, which were paying 4.55% and 4.00% AER respectively.
These are fixed-term Bonds. It is not possible to withdraw money from the account before the end of the term, and investors are advised to read the terms and conditions.
This offer will only be available whilst funds last, and can be withdrawn at any time.
These Fixed Rate Bonds are available from Alliance & Leicester branches. To book an appointment with one of our qualified advisors, call 08000 68 66 99.
Alliance & Leicester is now part of the Santander Group, which has more than 150 years' experience in banking, and more branches worldwide than any other international bank. Banks in the Santander Group are committed to serving our customers and helping them make the most of their money. In 2008 Santander won the Euromoney 'Best Global Bank' award.
Alliance & Leicester customers will continue to be protected separately to any other bank, including Abbey and Bradford & Bingley.