New bonds on the market

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Both Alliance & Leicester and Abbey have recently announced their launch of new bonds. The new bonds will be offering a fixed rate of interest, which of course means they will not be affected by the fluctuations in the Bank of England rate changes which seem to be happening on almost a weekly basis.

New bonds on the market

Alliance & Leicester and Abbey have announced the launch of a new bond which offers a guaranteed fixed rate of interest.

The two-year bond offering will pay interest at a rate of 4.01 per cent a year on balances of between £30,000 and £200,000.