Alliance & Leicester International launches four competitive Fixed Rate Bonds for March

Alliance & Leicester International launched four Fixed Rate Bonds on 1st March, which are both attractive and competitive in the current financial climate: 5 Year Fixed Rate Bond (Issue 1), 1 Year Fixed Rate Bond (Issue 89), 2 Year Fixed Rate Bond (Issue 20) and 3 Year Fixed Rate Bond (Issue 2).

The new range of offshore Fixed Rate Bonds are available to both new and existing customers. Account holders must deposit a minimum balance of £5,000 in order to achieve the published rates of interest. Customers can place up to £1,000,000 deposit into these accounts.

  • Five Year Fixed Rate Bond (Issue 1) offers interest at 4.50% gross p.a. Fixed or 4.41% (4.50% AER) paid monthly. Annual interest will be paid each year on 31 March.
  • Three Year Fixed Rate Bond (Issue 2) offers interest at 4.01% gross p.a. Fixed or 3.94% (4.01% AER) paid monthly. Annual interest will be paid each year on 31 March.
  • Two Year Fixed Rate Bond (Issue 20) offers interest of 3.55% gross p.a. Fixed or 3.49% (3.55% AER) paid monthly. Annual interest will be paid on 31 March 2012 in Year 1 and 29 March 2013 in Year 2.
  • One Year Fixed Rate Bond (Issue 89) pays interest at 3.00% gross p.a. Fixed or 2.96% (3.00% AER) paid monthly. Annual Interest will be paid on maturity (30 March 2012).

The March range of Fixed Rate Bonds are limited in availability, and may be withdrawn without notice prior to the anticipated close date in March.

Further information about our latest Fixed Rate Bonds range is available by calling +44 (0) 1624 641888 or by visiting www.alil.co.im.

Note: Special Terms and Conditions apply in conjunction with Terms and Conditions of deposit. AER stands for Annual Equivalent Rate and illustrates what the interest would be if interest was paid and added to the account once a year.