Leeds & Holbeck Building Society has just launched a new postal tracker account that is aimed at increasing flexibility and maintaining customer confidence.
The Direct Bonus Tracker guarantees to pay base rate plus 0.35 per cent, which currently stands at 5.10 per cent.
This will be the case for the next 12 months, then from August 2006 it will guarantee to pay base rate less 0.25 per cent.
Product development manager Stuart Fern has outlined the benefits of the new service:
"This account offers two excellent guarantees combined with the flexibility of access to the funds. With a minimum investment of only £5,000 the Direct Bonus Tracker will be an excellent addition to any investment portfolio."
He also highlights that by allowing two withdrawals without notice or loss of interest, the account will also offer customers a new "peace of mind".
Leeds & Holbeck, the UK's eighth largest building society, will be known as Leeds Building Society from September 12th 2005.To read more about banking, click here.
© Adfero Ltd