Alliance & Leicester's 6.6% bond

Wednesday, 15 October 2008 12:00

A fixed-rate bond with an interest rate of 6.6 per cent has been unveiled by Alliance & Leicester.

The building society created the savings plan, which runs for one year, for people who wish to invest between £1,000 and £2 million.

However, the offer is only available while funds last and savers cannot withdraw money from the account until it matures on November 31st 2009.

Martin Leake, savings manager at Alliance & Leicester said: "This is a limited opportunity to invest anything from £1,000 to £2 million, and get a good return, without the risk of being exposed to stock market volatility."

Interest can be paid annually or monthly and the bond is available to new and existing customers from all branches of Alliance & Leicester.

The building society said it would not accept cheques or transfers from other Alliance & Leicester accounts unless it was a maturing bond.

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