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Financial services provider reissues savings bond for investors
Fri, 23 Mar 2007
Leeds Building Society has reissued its unlimited-access savings bond, in news that may be of interest to consumers looking to spread their investments.

Bondholders who sign up with the financial services provider can opt to have interest paid annually with gross lending rates of 5.5 per cent or alternatively paid monthly with 5.38 per cent gross interest .

Both annual and monthly options have their lending rates fixed until October 1st 2007.

In addition, there is a minimum investment fee of £10,000 and a maximum of £250,000, while there are no penalties or notice periods for withdrawals.

Karen Wint, head of marketing at Leeds Building Society, said she was "delighted" that the financial services provider is now in a position to reissue the savings bond.

"It is the only account that provides a guaranteed market lending return combined with easy access, as well as a monthly interest option and I would suggest customers act quickly to avoid further disappointment," she said.

In addition to using savings bonds, people looking for investments options to boost their income may wish to consider investing in equity markets or acquiring rental properties with buy to let mortgages .

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