Alliance and Leicester offers one year fixed rate savings account

combined with Legal and General portfolio bond.

9.00% gross pa/AER on the savings account.

Long term growth potential on the Portfolio Bond Alliance and Leicester has launched a one year Fixed Rate Savings Account, offering a great interest rate of 9.00% gross pa/AER.

This new offer is available to customers choosing to invest in the Balanced Savings and Investment Plan.

The plan comprises a one year Fixed Rate Savings Account from Alliance and Leicester and a Portfolio Bond from Legal and General.

The combination of these products is designed for investors looking to balance short-term security with long term growth potential.

The Fixed Rate Savings Account element offers the competitive annual rate of 9.00% gross pa/AER and investors can rest assured that their savings will grow to a guaranteed sum at the end of the one-year term.

The Legal and General Portfolio Bond aims to provide higher returns than a typical savings account over the medium to long-term (at least five years, ideally longer).

Unlike a savings account, capital and income in the Portfolio Bond are not guaranteed and investors may get back less than they invested.

Matt Hall, Head of Savings and Investments at Alliance and Leicester said: "This plan balances the need for a safe haven for short term savings, whilst providing the opportunity to invest over the longer term for potentially higher returns than from a typical savings account.

"The Balanced Savings and Investment Plan suits those who are looking to make their money work harder, but still like the security of keeping some of their funds in cash." Summary of the two elements of the plan: Alliance and Leicester Fixed Rate Savings Account 9.00% gross pa/AER.

Minimum deposit amount £1,000.

Fixed term of one year.

Withdrawal restrictions apply.

Legal and General's Portfolio Bond: A minimum investment of £5,000, recommended to be invested for at least five years, ideally longer.

Access to a wide range of funds, each with different aims Invest for the potential of income, growth or a combination of both.

Returns and capital are not guaranteed.

The value of the bond and the level of income may go down as well as up and customers may get back less than they invested.

A surrender charge will apply during the first five years.

This is a limited offer and investors who wish to apply should visit an Alliance and Leicester branch or call 08000 68 66 99 to book an appointment with a Financial Advisor.

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