Leeds Building Society has unveiled a new investment opportunity with a two-year fixed rate bond paying a fixed rate of 5.6 per cent.
The rate, which is secured for investors until October 31, 2008, also has a monthly interest option for those who require an income from their savings. In taking this however, the fixed rate will drop to 5.35 per cent.
A minimum investment of £10,000 is required to put money into Leeds' new bond offering. A maximum investment of £1 million is allowed, which increases to £2 million for a joint account.
"This straightforward postal bond offers customers the best two-year fixed rate in the market," commented Stuart Fearn, product development manager for Leeds Building Society.
"With many customers looking for a guaranteed return, this account provides outstanding value and allows emergency access to funds at any time, subject to the loss of 90 days interest."
Mr Fearn added that the bond was an attractive investment opportunity due to its high rates relative to the market and its transparent nature, as no charges are hidden.To view and compare investment bonds, click here.
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