Leeds Building Society has announced the launch of a new three-year fixed-rate investment bond.

The investment bond is branch based, which could mean that it is easily accessible for many customers looking to invest.

With a rate of 5.25 per cent, the investment bond has a monthly interest option available, while additional payments can also be made while the bond is open.

The minimum investment is £100, while the maximum is £1,000,000 per account and the investment allows users to make one withdrawal of up to 25 per cent of the initial investment without notice or penalty.

Stuart Fearn, product development manager said, This is another product in our range that offers a guaranteed rate of return combined with the flexibility of access to some of the funds , without notice or penalty.

This unique combination of guaranteed rate and access has proved popular with customers and we expect this account to popular with many investors.

Leeds building society offers its members a wide range of financial services , including credit cards , mortgages and various insurance packages.