Alliance & Leicester launches fixed bond

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Alliance & Leicester International (A&LI) has launched a new, limited edition One Year Fixed Rate Bo...

Alliance & Leicester International (A&LI) has launched a new, limited edition One Year Fixed Rate Bond (Issue 32). The bond has a fixed interest rate of 6% gross pa and customers can deposit between £5,000 and £1,000,000. The bond will mature on 29 February 2008 and savers can choose to have their interest paid then, or on a monthly basis. Simon Hull, managing director of A&LI, commented: "The rate offered on our latest fixed rate bond is highly competitive in the market and the term gives savers the option of accessing the market again for the best deal in 12 months' time."

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