Leeds launches rewards bond
20/09/2005
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.
To read more about Banking, click here.
© Adfero Ltd
…other Investment Stories
Investment News Archive
Alternatively click on Investment advertising links below: