Leeds: Over 60 saver at 5.12% in winter months

Wednesday, 26 August 2009 10:51

Leeds Building Society has launched a monthly savings account targeted at customers over 60 who want a boost managing large fuel bills during the winter.

The Winter Fuel Saver offers an AER of 5.12 per cent during the winter months and 2.66 per cent the rest of the year.

"The current low interest rate environment has put pressure on many individuals who rely on their savings to supplement their pensions and to pay their bills," said Leeds director of sales and marketing, Kim Rebecchi.

"Therefore, we have designed this unique product to pay an excellent guaranteed return in a way that helps savers, delivering an up front return at a time when bills are at their highest."

To qualify, customers must invest a minimum of £100. Withdrawals are not permitted until the account's maturity date on September 1st 2010.

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