The offshore savings bank Alliance and Leicester International (ALIL) has launched a new one-year fixed-rate investment bond.
The bond has a competitive rate of interest, set at 5.5 per cent gross, and has scope for a wide range of investors, with a minimum start-up balance of £5,000, up to a maximum investment of £1 million.
Savers can choose whether to have interest paid into another account they hold, if they require a monthly income, or interest can be paid upon the bond's maturation on October 31st, 2007.
"Our range of fixed-rate bonds continues to be exceptionally well received," said Simon Hull, the managing director of ALIL.
"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."To read more about offshore investments, click here.
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