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New investment option from Leeds
Wed, 25 Oct 2006
Leeds Building Society has launched a new two-year fixed-rate savings bond, offering a "market-leading" rate.

The new investment option offers an interest rate at 5.61 per cent AER until January 1st 2009.

Interest is paid annually on the new postal bond, although a monthly option is available, at the lower rate of 5.49 per cent, which is paid on the last working day of each month.

The minimum investment on the bond is £10,000, up to a maximum of £1 million, or £2 million for joint accounts.

Withdrawals or closure of the investment can be made at any time, although these are subject to 90 days lost interest.

Kim Rebecchi, general manager of sales, said: "This straightforward postal bond offers customers the best two-year fixed-rate available.

"The best-buy guaranteed AER rate of 5.61 per cent combined with emergency access to funds at any time, subject to the loss of 90 days interest, cannot be found anywhere else in the market."

Leeds notes that it was named as Mortgage magazine's Best Building Society in 2006.

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