Leeds Building Society new postal bond
Thursday, 24 Jan 2008 08:35
Leeds Building Society is offering a new six month fixed-rate postal bond at 6.2 per cent AER (6.11 per cent gross pa).
The bond also allows customers full access to all their funds without notice or penalty.
Karen Wint, at Leeds Building Society, said: "This straightforward postal bond offers customers an excellent guaranteed return combined with the flexibility of full instant access to their funds.
"On maturity, the funds will convert to a guaranteed base rate tracker until January 31st 2010, again with unlimited access, providing even greater flexibility."
Minimum investment in the postal bond is £5,000 and the maximum balance is £50,000, or £100,000 for joint accounts.
Interest is paid on the maturity of the six month bond – on August 1st 2008 – and again when the bond reverts to the maturity tracker interest is paid annually.