Leeds Building Society launches branch based fixed rate savings bonds

Leeds Building Society has today launched a range of branch based fixed rate savings bonds offering customers a guaranteed rate of return, a choice of 1, 2 or 3 years and the option to access some of the funds without notice or penalty.

The 1-year Leeds Choices Bond pays an outstanding 5.50% AER fixed until 1 March 2010 for balances over £50,000 and allows access, without notice or penalty, of up to 50% of the amount invested at any time. Furthermore, there is a monthly interest option providing a return of 5.38% AER for people who require an income.

Smaller investors can still achieve a great rate and access. The 1-year bond pays 5.30% AER for balances between £5,000 and £49,999 and 5.17% AER if monthly income is required.

Customers who are prepared to invest for a longer period will benefit from a higher return. The Leeds Choices Bond also offers 2 and 3-year options, giving customers greater choice and enabling them to benefit from a great rate of return for a period that best suits their needs.

The 2-year option pays a top rate of 5.60% AER (5.48% AER for monthly income) and customers can also withdraw up to 50% of the amount invested at any time, without notice or penalty.

A rate of 5.70% AER (5.59% AER for monthly income) is available for 3-years and access, without notice or penalty, of up to 25% of the amount invested at any time.

Karen Wint, Head of Marketing & PR said, "We have specifically designed this product to offer customers a fantastic rate and a choice of term and access, so more customers can open an account that suits their needs.

"The straightforward high street bond allows choice, flexibility and a high guaranteed rate of return. This combination of rate and access make the Leeds Choices Bond a market leading account."