ALIL unveils new short term fixed bond

13 October 2006
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."

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