Offshore savings provider Alliance & Leicester International Limited (ALIL) has announced the launch of the 20th issue of a limited edition savings bond.
The one-year savings bond, which will mature on November 30th 2006, will offer a fixed savings interest rate of 4.65 per cent annual equivalent rate (AER).
Savings interest earned on the investment in the savings bond will be paid upon maturity or every month.
Savers can deposit up to £1 million in the savings bond, while the minimum investment is £5,000.
The popularity of the savings provider's "competitive" range of short-term savings bonds is what prompted the launch of the sixth issue of this savings bond during 2005, says ALIL managing director, Simon Hull.
A "highly competitive" fixed savings rate is available to investors in the one-year savings bond, as well as the option of re-entering the savings market again for the best deal in a year's time, Mr Hull points out.
Potential investors in the savings account can find more details on the savings provider's website, where account details and application forms can be downloaded.
Short-term savings bond launched
Short-term savings bond launched
Mon, 21 Nov 2005
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