Alliance and Leicester Interest Rates

Alliance and Leicester interest rates vary greatly between accounts. Generally, the more restrictions tied to an account, the higher the rate, so the better the level of return. The range of Alliance and Leicester savings accounts include:

ISAs
Fixed Rate Bonds
Online Savings
Tracker accounts

The best interest rates tend to be on fixed rate bonds, which have a fixed rate of interest over a fixed period of time. There are restrictions and penalties implied onto the account encouraging you to the leave the money to mature over the term period, giving you a guaranteed return at the end of the term.

The less competitive rates are on instant access savings, like online accounts, which sacrifice interest rates for greater flexibility, including 24 hour a day access to make transfers, payments and withdrawals with no penalties or restrictions.