Alliance and Leicester has extended the availability of its one-year Fixed Rate Savings Account, it has announced.
Those looking to open one of the savings accounts, which offer an interest rate of nine per cent, must place £5,000 in the Balanced Savings and Investment Plan.
According to the firm, the plan combines the savings account from Alliance and Leicester and an investment bond from Legal and General .
People have to commit a minimum of £5,000 for at least five years in the investment product to be able to benefit from the savings account.
Matt Hall, head of savings and investments at Alliance and Leicester, said: "The Balanced Savings and Investment Plan suits those who are looking to make their money work harder, but still like the security of keeping some of their funds in cash ."
Last week, Kevin Mountford, head of savings at Moneysupermarket.com, stated that there are now 13 providers offering fixed-bonds with a rate of seven per cent or more, something that has not happened for ten years.
Alliance and Leicester extends savings account offer
Alliance and Leicester extends savings account offer
Tue, 01 Jul 2008
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