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Impressive launch from A&L

Impressive launch from A&L

Category: Savings

Updated: 03/04/2009
First Published: 01/04/2009

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 It is now over 6 months old so the content may be out of date.

Alliance & Leicester has introduced a couple of eye-catching products within its new range of fixed rate bonds and ISAs.

The rate of its one year fixed rate ISA has been increased by 0.20% and now pays 3.00% yearly on a minimum investment of £500, just 0.10% less than the market leader.

It also allows early access and transfers out on 60 days' notice, and the transfer of previous years' ISAs, which will add to its appeal.

The new two year fixed rate bond continues to pay a competitive 4.01% at £100K but has been tweaked to pay 3.80% on £30K. No additions are permitted and early access on closure is subject to 120 days' loss of interest.

The products have been awarded four out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.