Alliance & Leicester Savings has launched two new fixed-rate bonds - a six-month fixed-rate and a three-year fixed-rate, with interest rates of 4.50% gross and 4.00% gross pa/AER, respectively.

These new bonds are available from all Alliance & Leicester branches, for sums of between £1,000 and £2,000,000.  The offer will be available while funds last, with the six-month bond maturing on 30 June 2009, and the 3-year bond maturing on 31 December 2011.

Martin Leake, Savings Manager at Alliance & Leicester, says: "With the recent dramatic cut in the Bank of England Base Rate, and speculation that further cuts may be in the pipeline, these bonds provide certainty of return for savers. This is a limited opportunity to invest anything from £1,000 to £2,000,000, and getting a guaranteed return which is above the current Bank base rate, without the risk of being exposed to stock market volatility."

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