ALIL launches new fixed term 1 year Tracker Bond
ALIL launches new fixed term 1 year Tracker Bond with a guaranteed link to the Bank of England Base Rate.
Today, Alliance & Leicester International Limited launched a new one year tracker bond paying, up to a highly competitive 3.00 per cent above the Bank of England Base Rate. Available to both new and existing customers’, savers can deposit from £10,000 to £1,000,000, and must be happy to leave their money untouched for the one year term of the bond. This is a limited offer and will be subject to availability so savers should act quickly to take advantage of this great rate.
One Year Bond
The bond is designed to appeal to customers who want the certainty of a fixed return, relative to the Bank of England Base Rate. If the Base Rate rises at any time during the term the bondholder will benefit from a rising return. Interest rates are as follows:
| Balance |
Annual Guarantee |
Current Annual/AER Gross % PA |
Monthly Guarantee |
Current Monthly Gross % PA |
Monthly AER % |
| £100,000 – £1,000,000 |
BBR + 3.00 |
3.50 |
BBR + 2.95 |
3.45 |
3.50 |
| £50,000 – £99,999 |
BBR + 2.75 |
3.25 |
BBR + 2.70 |
3.20 |
3.25 |
| £10,000 – £49,999 |
BBR + 2.50 |
3.00 |
BBR + 2.46 |
2.96 |
3.00 |
Customers can apply for the bond by downloading an application form from the website or by calling ALIL to request an application pack on +44 (0) 1624 641 888.
The bond Matures on the 30 June 2010 and pays interest either on maturity or monthly.
Simon Ripton, Joint Managing Director of Alliance & Leicester International comments:
“For customers looking for a good rate that consistently tracks above base rate this is a great offer. If you want a bond that offers both the security of a minimum interest rate guarantee but also a product that will reflect an upward turn in the base rate then this is the bond for you.”
ALIL now offers an extremely attractive portfolio of 1 and 2 year bonds, for savers seeking to fix their return over a period of time, in the form of the 2 Year Step-Up Bond (Issue 2) and the 1 Year Fixed Rate Bond (Issue 65).
2 Year Step-Up Bond (Issue 2)
- Year One: 3.50% AER (monthly 3.45%) until 30 June 2010
- Year Two: 4.00% AER (monthly 3.93%) from 1 July 2010 until 30 June 2011
- Minimum balance £10,000
- Matures 30 June 2011
- Interest payable on maturity or monthly
- Limited issue
- Apply by downloading an application from the website or calling ALIL to request an application pack on +44 (0) 1624 641 888
1 Year Fixed rate bond (Issue 65)
- 3.00% AER Fixed
- Matures 30 June 2010
- Annual or monthly interest
- Minimum balance £10,000
- Limited issue
- Apply by downloading an application from the website or calling ALIL to request an application pack on +44 (0) 1624 641 888
Notes to Editors
Alliance & Leicester International offers a range of savings products to suit the needs of today’s expat, including its popular eSaver Offshore savings account range. The eSaver Offshore products are the first and only offshore savings accounts to offer an online application process without the need for a ‘wet’ signature, so setting up an eSaver Offshore savings account could not be easier. By allowing customers to both set up and manage their accounts online, eSaver Offshore guarantees access to funds anytime and anywhere in the world, in addition to highly competitive rates of interest and the option to receive interest monthly, quarterly or annually.
For more information on the ‘eSaver Offshore’ or ‘Select International’ range of savings accounts or to apply online visit www.alil.co.im. Information about all of Alliance & Leicester International’s savings accounts is also available by calling +44 (0) 1624 641888.
Alliance & Leicester International Limited is a wholly owned subsidiary of Alliance & Leicester, itself now part of the Santander Group, which has more than 150 years' experience in banking, and more branches worldwide than any other international bank. Banks in the Santander Group are committed to serving our customers and helping them make the most of their money. In 2008 Santander won the Euromoney 'Best Global Bank' award.
About Us
Santander (SAN.MC, STD.N) Founded in 1857, Santander has 80 million customers, over 13,000 branches, 170,000 employees and operates in 40 countries.
It is the largest financial group in Spain and Latin America, the third largest banking group in Portugal and has a significant presence in the UK through Abbey, Alliance & Leicester and the savings business of Bradford & Bingley. Through Santander Consumer Finance, it also operates in 12 European countries (Germany, Italy and Spain, among others). In the United States, it owns Sovereign Bancorp. In 2008, Santander reported €8,876 million in net attributable profits.
In the UK, Santander operates three retail businesses – Abbey, Alliance & Leicester and the savings business of Bradford & Bingley. Together, they have over 1300 branches, around 4,500 cash machines and they provide a full range of retail and corporate banking services to 24 million customers.
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