Alliance & Leicester International (A&LI) has launched a one-year fixed rate bond which has a fixed rate of 5.1%.
Customers can deposit between £5,000 and £1,000,000 into the bond, which will mature on 30 June 2007. Savers can choose to have their interest paid on the maturity of the bond or on a monthly basis. Interest can be paid either by transfer into another A&LI account, or by transfer to a bank or building society account in the Isle of Man, UK or the Channel Islands.
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