Alliance & Leicester International launches 1 Year Tracker Bond

Alliance & Leicester International launched its 1 Year Tracker Bond (Issue 1) on the 15 April.

1 Year Tracker Bond (Issue 1) pays interest at 2.75% gross p.a. variable/AER or 2.72% (2.75 AER) paid monthly. Annual interest is paid on maturity (30 April 2012). AER is guaranteed to track UK Base Rate + 2.25% until maturity. Any changes to the UK Base Rate will be reflected on the account interest rate within seven days.

This new Tracker Bond is available to both new and existing customers. Account holders must pay in a minimum balance of £5,000 in order to achieve the published rates of interest. Customers can place up to £1,000,000 deposit on this account, but should note that no further transactions are possible until maturity.

The new Tracker Bond is limited in availability and may be withdrawn without notice prior to the anticipated close date in April.

Further information about our 1 Year Tracker Bond (Issue 6) is available by calling +44 (0) 1624 641888 or by visiting

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.