Leeds Building Society new fixed bond
Thursday, 24 Jan 2008 08:42
Leeds Building Society is launching a new one-year fixed rate bond.
The bond – fixed until February 1st 2009 – offers six per cent gross pa for balances up to £49,999 and 6.2 per cent gross pa for balances over £50,000.
The minimum investment is £100 and the maximum balance is £1 million, or £2 million for joint accounts.
The option for interest to be paid monthly also exists.
Withdrawals of up to 50 per cent of the amount invested are permitted without notice or penalty.
Karen Wint, at Leeds Building Society, said: "With many market commentators predicting further falls in bank base rate, possibly even as early as next month, this product provides an excellent home for savings and access to some of the funds in case of emergency.
"We know peace of mind is a key factor in any investor’s decision and this bond delivers exactly that, with a competitive guaranteed return and flexibility. Customers also have access to a full branch facility when operating the account or by post if they prefer."