The new fixed rate bond is available from all Alliance & Leicester branches, for sums of between GBP1,000 and GBP1 million. The offer will only be available whilst funds last and it will mature on February 1, 2009. This bond is available to both new and existing customers. It will not be accepting transfers or checks from other Alliance & Leicester accounts.

Martin Leake, savings manager at Alliance & Leicester, said: This is a strictly limited opportunity to invest anything from GBP1,000 to GBP1 million, and get the best risk free rate of return in the market, at a time when capital invested in other vehicles, like the stock market, appear exposed.