Alliance and Leicester International Limited (ALIL) has launched a new one-year fixed rate bond.
The limited edition bond from the offshore savings bank has a fixed interest rate of 4.7 per cent.
Customers can deposit between £5,000 and £1 million into the bond, which will reach maturity on February 28th 2007.
Like all of the previous issues, savers can choose to have their interest paid on the maturity of the bond on a monthly basis.
This interest can be paid either by transferring it into another ALIL account or by transferring it to a bank or a building society account in the Isle of Man, UK or the Channel Islands.
Simon Hull, managing director of ALIL, said: "Our range of fixed rate bonds continue to be exceptionally well received. 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.
"Our enhanced website allows customers to access all account details and to download an application form, speeding up the application process." To read more Banking News, click here.
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