Letmesave.co.uk | Alliance and Leicester eSaver

With the crunch credit really kicking in, it is important to put you money some where save. Alliance and Leicester is a large and reliable bank plus interest rate is very attractive. The eSaver Issue 2 Account offer 6.6% gross P.A/AER (variable). The rate is guaranteed to be at least 0.50% above the Bank of England base rate, until 28th Feb 2010. The minimum deposit is only £1, but if you have it you can pay in as much as £500,000.As they say this is “Seriously Good Saving. If you sign up now there is all the added bonus of a free prize draw in which you can win £10,000. You a enter for every £1,000 you deposit.

In total Alliance and Leicester have Retail deposit balances of £23.3bn, while they only have £8.4bn of commercial lending balances, so the risks are very low.