Alliance & Leicester International launches six Fixed Rate Bonds for April

Alliance & Leicester International launched six Fixed Rate Bonds on 1st April, which are both attractive and competitive in the current financial climate. These comprise of four Sterling Fixed Rate Bonds, a US Dollar Fixed Rate Bond and a Euro Fixed Rate Bond.

The latest range of offshore Fixed Rate Bonds are available to both new and existing customers.

  • 5 Year Fixed Rate Bond (Issue 2) offers interest at 4.50% gross p.a. Fixed, or 4.41% (4.50% AER) paid monthly. Annual interest will be paid each year on 30 April and at maturity (29 April 2016)
  • 3 Year Fixed Rate Bond (Issue 3) offers interest at 4.01% gross p.a. Fixed or 3.94% (4.01% AER) paid monthly. Annual interest will be paid each year on 30 April and on maturity (30 April 2014)
  • 2 Year Fixed Rate Bond (Issue 21) offers interest at 3.55% gross p.a. Fixed or 3.49% (3.55% AER) paid monthly. Annual interest will be paid on 30 April 2012 in Year 1 and on maturity (30 April 2013)
  • 1 Year Fixed Rate Bond (Issue 90) pays interest at 3.00% gross p.a. Fixed or 2.96% (3.00% AER) paid monthly. Annual interest will be paid on maturity (30 April 2012)

Sterling account holders must deposit a minimum balance of £5,000 in order to achieve the published rates of interest and they can place up to £1,000,000 deposit into these accounts.

Details of currency Fixed Rate Bonds are as follows:

  • 1 Year Euro Bond (Issue 1) pays interest at 2.85% gross p.a. Fixed/AER, with interest paid on maturity (30 April 2012). Account holders must deposit a minimum balance of €5,000 in order to achieve the published rates of interest and can place up to €1,000,000 deposit into these accounts.
  • 1 Year US Dollar Bond (Issue 1) pays interest at 2.20% gross p.a. Fixed/AER, with interest paid on maturity (30 April 2012). Account holders must deposit a minimum balance of $5,000 in order to achieve the published rates of interest and can place up to $1,000,000 deposit into these accounts.

The April range of Fixed Rate Bonds are limited in availability, and maybe withdrawn without notice prior to the anticipated close date in April.

Further information about our latest Fixed Rate Bonds range is available by calling +44 (0) 1624 641888 or by visiting alil.co.im.

Note: Special Terms and Conditions apply in conjunction with Terms and Conditions of deposit. AER stands for Annual Equivalent Rate and illustrates what the interest would be if interest was paid and added to the account once a year.