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Leeds launches 6% postal bond

04 September 2006
Leeds Building Society has unveiled a new postal bond paying six per cent interest until the end of the year, with a 5.2 per cent fixed rate thereafter until March 31st, 2008.

The bond is a simple investment and savings opportunity and has the added caveat of allowing holders access to up to 25 per cent of the initial investment amount at any time without incurring a fee.

Stuart Fearn, product development manager for Leeds, said the new offer ensured its customers could receive a "very competitive return" as well as "the peace of mind" of a fixed rate of interest.

"The product is also available to the smaller investor, with a minimum operating balance of only £100," he said.

"There is a monthly interest option for people who require an income. Therefore, any investor can benefit from this fixed rate product that provides excellent value, flexibility and peace of mind."

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