Alliance & Leicester Introduce New International bond

Published: 5/16/2010

A new international bond has been introduced by the Alliance and Leicester which is a limited edition fixed interest rate for one year.

Investors can sign up for the bond from now and, with a minimum investment requirement of GBP50,000, enjoy an interest rate of 6.65 percent gross if taking the interest payment at the end of the year or 6.45 percent should interest be paid monthly. The Alliance and Leicester fixed rate bond is available to both new and existing customers as long as funding does not come from money already held by Alliance and Leicester.

An Alliance and Leicester spokesman, when discussing the new bond at its launch said that they always endeavoured to offer the best interest rate they could and this particular bond should be very popular in what is a highly competitive market.