Leeds Building Society to extend 2-year fixed rate bond

Leeds Building Society is set to extend its 2-Year Fixed Rate Bond, which pays a market leading 6.20% AER, until 31 July 2009.

The best buy account, which was launched earlier this month, allows 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, "We knew this was a fantastic product and we have been inundated with customers looking to get hold of the best 2-year fixed rate on the market. Unusually, with such a high rate of return, customers also benefit from one penalty free withdrawal at any time.

"The minimum opening balance is only £5,000, there are no short term bonuses and no requirement to open any linked accounts. Customers also have the flexibility to operate this bond at any of our 70 branches, by post or online.

"The obvious benefits of this product have proved extremely popular and, as a result, we have managed to secure a further tranche. However, I would urge customers to act very quickly to avoid disappointment."