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Customers flock to guaranteed return

14 August 2007
A product from Leeds Building Society which guarantees to beat inflation by three per cent has proved to be extremely popular with customers.

The Inflation Buster Bond would pay 7.3 per cent on inflation at 4.3 per cent - giving consumers the chance to make strong returns on their investment.

Head of marketing and public relations for the bank Karen Wint commented that the deal offers peace of mind in that people know that they will get a real return if they choose to put money in.

Ms Wint added that the product was an "excellent" addition to the firm's portfolio.

"The bond is ideal for investors looking for a competitive return and is available on a minimum operating balance of only £1,000," she said.

Last month, Leeds Building Society launched a new three-year fixed-rate mortgage deal, offering buyers a rate of 5.69 per cent.

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