Leeds Building Society has launched a new two-year fixed rate escalator investment bond.
The investment opportunity guarantees to pay 4.75 per cent in the first year and 5.5 per cent in the second.
Customers can also obtain 25 per cent of the investment without notice or penalty in the year one of the plan and instant access to the full amount in year two.
The minimum deposit on the scheme is £5,000, with additional investment possible while the issue is open and the maximum is £250,000, rising to £500,000 for joint accounts.
Stuart Fearn, product development manager at Leeds, commented, "We are trying to ensure that customers receive a very competitive return and the peace of mind provided by allowing access to some of the funds, without notice or penalty.
"We expect this account to be popular and additional investments are only allowed whilst this limited issue remains open."
Alliance &Leicester recently launched a new one-year fixed rate savings account , featuring a Legal and general investment bond , which may be a preferred option for customers who want a short-term plan.
Leeds launches new investment bond
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Leeds launches new investment bond
Wed, 07 Jun 2006
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