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Leeds launches rewards bond

20 September 2005
Leeds Building Society is offering a new limited edition reward bond in anticipation of predicted bank base rate cuts before Christmas.

The Leeds Reward Bond pays a fixed return of five per cent on all balances and the minimum starting balance is £100.

Head of marketing and PR at Leeds Building Society, Karen Wint, said: "This is a limited issue and we are determined to make it available as long as possible.

"However, a product paying such an attractive return will prove extremely popular in any portfolio. With a maturity date of March 1st 2007, investors also have sufficient time to take advantage of the tax year-end."

Leeds Building Society also launched a new range of products last week to celebrate its name change from Leeds & Holbeck.

Products include a seven per cent monthly savings account, and an instant access account designed specifically for pensioners.

Many financial experts predict a rate cut before Christmas in light of a weak housing market and depressed food sales.

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