Savings Options For The Over 50s

A couple of new savings products have been introduced by the Alliance and Leicester specifically for the over 50 market.

First up is the Premier 50, a fixed rate bond paying out 7.5 percent gross. The bond runs for 12 months, maturing next September and is for investment of between one thousand and ten thousand pounds. The Alliance and Leicester are expecting this to be very popular, advising anyone interested to move quickly.

Second on the list is a five year savings vehicle called the Alliance and Leicester Growth and Income Account. Half of the sum invested will earn interest at seven percent per annum with the remainder being invested in the stock exchange. This will return half of any growth achieved on the FTSE 100 over the five year period it is invested.