|
Aug 30, 2006
Alliance & Leicester is
implementing changes to its mortgage and savings products in response to the
recent rate hikes implemented by the Bank of England. Effective September 2,
2006, a full 0.25% increase will be added to
Alliance & Leicester’s standard variable mortgage rate. As a result, the
new standard variable rate will be 6.84%.
In addition, Alliance & Leicester
says the full 0.25% increase will also be added to the following savings
accounts:
|
|
Tier
|
Previous Rate
|
Rate from
|
|
2-Sep-06
|
|
Direct Accounts
|
|
|
|
|
Online Saver Issue 2
|
£1+
|
4.25%
|
4.50%*
|
|
Online Saver (closed)
|
£30k+
|
4.65%
|
4.90%
|
|
£1+
|
4.40%
|
4.65%
|
|
PlusSaver
|
£1+
|
4.05%
|
4.30%
|
|
PhoneSaver
|
£100k+
|
3.70%
|
3.95%
|
|
£25k+
|
3.45%
|
3.70%
|
|
£1+
|
3.35%
|
3.60%
|
|
Young Worker
|
£1+
|
4.25%
|
4.50%
|
|
|
|
|
|
|
ISAs
|
|
Direct ISA Issue 2
|
£1+
|
4.50%
|
4.75%**
|
|
Direct ISA (closed)
|
£1+
|
4.75%
|
5.00%
|
|
Cash ISA
|
£21k+
|
4.55%
|
4.80%
|
|
£18k+
|
3.95%
|
4.20%
|
|
£9k+
|
3.60%
|
3.85%
|
|
£1+
|
3.45%
|
3.70%
|
|
|
|
|
|
|
Branch Accounts
|
|
EasySaver
|
£50k+
|
2.95%
|
3.20%
|
|
£10k+
|
2.60%
|
2.85%
|
|
£2k+
|
2.50%
|
2.75%
|
|
£1+
|
2.40%
|
2.65%
|
|
