Leeds Building Society launches 2 year fixed rate bond paying 6.20%

Leeds Building Society is set to launch a 2-Year Fixed Rate Bond paying a market leading 6.20% AER until 30 June 2009, with instant access to up to 25% of the funds without notice or penalty, at any time.

Furthermore, the product also has a monthly interest option paying 6.12% AER (5.95% gross pa) for people who require an income.

Karen Wint, Head of Marketing said, "This outstanding bond offers customers the best 2-year fixed rate available on the market. Unusually, with such a high rate of return, customers also have one penalty free withdrawal at any time and this bond is available at any of our 70 branches, by post or online.

"The minimum opening balance is only £5,000 and we expect this straightforward, flexible bond to be very popular as there are no short term bonuses, nor is their a requirement to open any linked accounts. I would urge customers to act very quickly to avoid disappointment."