Alliance & Leicester has launched its new range of fixed rate bonds, available for sums of between GBP1,000 and GBP1 million.
The new range of fixed rate bonds include: Six-Month Fixed Rate Bond, paying 6.83% AER/6.72% gross; One-Year Fixed Rate Bond, paying an interest rate of 6.50% pa gross/AER; Two-Year Fixed Rate Bond, paying an interest rate of 6.30% pa gross/AER and Three-Year Fixed Rate Bond, paying an interest rate of 6.05% pa gross/AER.
According to the bank, these offers will only be available whilst funds last. The Six-Month Fixed Rate Bond will mature on November 1, 2008, and the others will mature on May 1, 2009, 2010 and 2011 respectively.
The new range is available to both new and existing customers. It will not be accepting transfers or checks from other Alliance & Leicester accounts.
Martin Leake, savings manager at Alliance & Leicester, said: Fixed rate bonds provide security of capital and a guaranteed return, so you know exactly what you’re getting for your hard earned savings.