Banking customers looking to boost their long term savings have been alerted to the launch of a new savings bond.
Alliance & Leicester International, the offshore branch of the UK-based financial services provider, is offering a savings bond with an annual equivalent rate of six per cent on all deposits between £5,000 and £1 million.
Interest on the one-year fixed rate savings bond will be paid when the account matures on February 29th 2008.
Simon Hull, managing director of Alliance & Leicester International, explained why both the savings rate and the duration of the savings bond might appeal to some customers.
"The rate offered on our latest fixed-rate bond is highly competitive in the market and the term gives savers the option of accessing the market again for the best deal in 12 month's time," he said.
In related news, a recent study from insurance and investments specialists Legal & General suggested that an increasing number of people may be looking to start saving money at the moment.
According to its research, 65 per cent of UK people were minded to save money in January 2007, up 14 per cent from the final month of last year.
Banking customers alerted to new savings bond launch
Banking customers alerted to new savings bond launch
Tue, 13 Feb 2007
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