Leeds Building Society has today announced an increase on its maximum balance on its Leeds Reward Bond to £10,000.

Leeds originally offered the savings bond with a maximum balance of £5,000 but has now secured funding and is offering this new deal .

A minimum investment to open the savings bond is £100 and a maximum of £10,000. Withdrawals from the savings bond are not permitted before maturity on March 1st 2007.

Karen Wint, head of marketing and PR at Leeds, said that customers showed huge interest in this savings bond and that members have asked for a higher maximum operating balance for saving money.

Following this feedback, we have managed to secure extra funding which has enabled us to double the maximum balance allowed in this market leading bond, she added.

Leeds Building Society is the UK's eighth largest building society with assets of over £6.1 billion and 58 branches across the country.

The Society recently changed its name from Leeds Holbeck to Leeds Building Society.