Guaranteed monthly income of 6.00% AER with access

Leeds Building Society has launched a new 3-year fixed rate income bond, which guarantees to pay 6.00% AER until 31 May 2010 and has a minimum opening balance of only £1000.

Furthermore, customers can have access to up to 25% of the initial amount invested, without notice or penalty, at any time.

Karen Wint, Head of Marketing & PR said, "We consistently try 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. This product does exactly that and offers customers a guaranteed monthly income with an AER of 6.00%.

"The combination of an attractive rate providing a monthly income combined with access will appeal to customers looking to lock in value. Interest is paid on the last working day of each month and can be credited to another account with the Society or other provider."