Alliance & Leicester has launched a new savings account, which became available on October 9th 2006.
The new instant access savings account is "ideal" for customers who wish to place a lump sum in an account for a long period of time, the company states.
Featuring an interest rate of 5.25 per cent gross, the savings account is available with a minimum deposit of £5,000, up to a maximum of £100,000.
Savers can access the funds via the internet or telephone, although no interest is earned for a calendar month in which withdrawals are made.
Interest which customers receive on the savings is paid monthly, either into the account itself, or into a linked current account.
Ross Dalzell, manager for savings at Alliance & Leicester, commented: "In addition to a great interest rate, the account allows instant access to your money as and when you need it."
Alliance & Leicester provides a range of financial services for its clients, including savings, mortgages and personal loans.
New savings option from Alliance & Leicester
New savings option from Alliance & Leicester
Tue, 10 Oct 2006
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