Leeds launches new savings bond

13 February 2006
Leeds Building Society has launched a fixed-rate savings bond for people who want to get a good return on their money.

The Fixed Selection Bond can be taken out for one, two or three years and pays a competitive rate of 5.05 per cent until April 2009. It is also flexible because it allows one penalty-free withdrawal of up to 25 per cent of the initial amount invested after the first year.

Stuart Fearn, product development manager, said: "We have specifically designed this product to offer customers a fantastic rate and a choice of term and access, so more customers can open an account that suits their needs.

"The minimum opening balance is only £100, providing a high rate of return to the smaller investor.

"This straightforward bond allows choice, flexibility and a high guaranteed rate of return and we expect this to be very popular with many investors."

To read more about Savings Accounts, click here.

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