UK Money News
7th August 2008
The Leeds launches new savings bond
The Leeds Building Society has announced the launch of a new savings bond which it claims combines a guaranteed return with flexibility for the investor.
The one-year fixed rate bond pays a rate of 6.85 per cent on a minimum investment of £5,000 and maximum of £500,000.
Meanwhile, a monthly option for customers who require a regular income pays 6.80 per cent.
Both products offer bond holders the chance to withdraw up to 25 per cent of their money at any time without notice or penalty.
Karen Wint, general manager of the lender's marketing and customer services department, urged consumer to act quickly to take advantage of the rate.
She said: "A high guaranteed return of 6.85 per cent with access to some of the funds is simply outstanding value.
"The ability to lock in at such a high rate with access also delivers excellent peace of mind. There is no doubt that this, combined with a minimum operating balance of only £5,000, will make this product extremely popular and an excellent addition to any investment portfolio."
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