New fixed-rate bonds from Santander and A&L

Thursday, 06 May 2010 12:00

Santander and Alliance & Leicester have announced a new range of fixed-rate bonds.

One-year, 18-month and two-year bonds are available in two tiers of a minimum of £1 and a minimum of £10,000.

Annual rates range from 2.4 per cent for a one-year bond in the £1 tier to 3.5 per cent for a two-year product where at least £10,000 has been deposited.

Reza Attar-Zadeh, director of avings and investments at Santander, says the products should help to offer peace of mind to savers.

"As always, bonds are a limited offer whilst stocks last, so customers wishing to take advantage should act now to secure these rates," he adds.

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