ALIL launches another issue of savings bond

Mon, 12 Sep 2005

Alliance & Leicesr International Limited (ALIL) has announced the launch of a further limited edition savings bond.

The one-year savings bond offers a fixed savings rate of 4.40 per cent on a deposit of between £5,000 and £1 million. The savings interest could be paid monthly or upon maturity of the savings bond.

The savings bond is available to both new and existing customers.

ALIL's managing director Simon Hull said its competitive range of short term savings bonds continues to be "exceptionally well received" by both new and existing customers, which lead to the fourth launch of this savings bond – Issue 18 of the limited edition savings bond.

He said the one-year fixed savings rate bond "gives savers the security of a fixed and highly competitive rate but with the option of assessing the market again for the best deal in twelve months' time".

He added that the company's enhanced website also allows customers to access all account details and to download an application form speeding up the application process.

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