Compelo Banking is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More

Alliance & Leicester introduces new investment product

Alliance & Leicester has launched a new rate of 9% per annum gross on one-year fixed rate savings account, available when investing in the Balanced Savings & Investment plan.

The plan comprises a one-year fixed rate savings account from Alliance & Leicester and a portfolio bond from Legal & General. The combination of these products is designed for investors looking to balance short-term security with long term growth potential.

Matt Hall, head of savings and investments at Alliance & Leicester, said: This plan balances the need for a safe haven for short term savings, whilst giving the opportunity to invest over the longer term for potentially higher returns than from a typical deposit account.