Abbey and Alliance & Leicester new fixed rate bond - Savings - News |

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Abbey and Alliance & Leicester new fixed rate bond

Abbey and Alliance & Leicester new fixed rate bond

Category: Savings

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Abbey and Alliance & Leicester have launched a new two-year fixed rate bond with an interest rate of 4.01% AER/gross per annum - making it the best available rate in the market.

The offer is available at all Abbey and Alliance & Leicester branches, for balances between £30,000 and £2 million. The terms of the bond, which will only be available while funds last, allows access during the fixed term and includes an early closure charge.

"This is a limited opportunity for customers to get the best fixed rate in the market - offering a guaranteed return for two years, four times higher than the current base rate," said Reza Attar-Zadeh, director of savings and investments at Abbey and Alliance & Leicester. "The account also offers the option of monthly interest for those looking for a regular income, with the confidence that their savings are safely held with one of the world's largest banks."

These advantages earn the bond four out of five Moneyfacts stars.

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