http://www.alliance-leicester.co.uk/saving...e=FixedRateBond

Rates effective from 15.01.08. Monthly interest only available for balances over £2,500. This Bond will mature on the 01.02.09.
Available to new and existing customers who are transfering or paying in money from outside Alliance & Leicester.

saw this in the times yesterday - hard to find any more detail though

edit - to 'bold' the above bit - cashflow problems??

Only for fresh/new money coming in , cashflow problems for sure , i wouldn't touch them or B&B with a barge pole.

Hmm.. Seems good and I'm tempted. I was going to whack £3k into a 6.85% ICICI bond.

Went into my local branch of A&L today and enquired about the 7% bond (out of curiosity) and they told me it was pulled yesterday AM - hmmm, do the A&L economists think with that the slumping markets will strengthen the cause for lower IRs? How long was this bond available for - a week tops!

Similarly, I read the Daily Mail today (in a cafe, I didn't part with any cash to read this comic) and after the first page about the need to lower IRs, the third page featured an article saying that celeb 'culture' (now there's a misnomer) was causing 'ordinary' people to get further into debt so they could live like celebs

Yes let's lower IRs - it will fix everything, just look at the US, err hold on a minute

(duplicated on main thread)