Isle of Man-based Alliance & Leicester International (ALIL) has launched the eighteenth series of it...
Isle of Man-based Alliance & Leicester International (ALIL) has launched the eighteenth series of its One Year Fixed Rate Bond with up to a 4.4% gross interest rate.
Investors can decide to have the interest from the bond paid on a monthly basis, at 4.3% gross or on maturity at 4.4% gross. This interest can be paid by transfer to an ALIL account or to other banks and building societies in the Isle of Man, Channel Islands or the UK. This is the fourth issue of the One Year Fixed Rate Bond launched this year.
"This gives savers the security of a fixed rate but with the option of assessing the market again for the best deal in 12 months' time," said Simon Hull, managing director of ALIL.
There is minimum investment of £5,000 and a maximum of £1m in the product. ALIL is also offering a higher rate of interest on balances of more than $100,000 on its US dollar savings account.
£5,000 min investment and £1m maximum.
Interest 4.4%pa paid gross or 4.3%pa gross paid monthly.
Fourth issue of the bond by ALIL this year.
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