Leeds Building Society launch 1 year fixed rate bond

Leeds Building Society has launched a new 1 Year Fixed Rate Bond paying 5.75% AER on balances of £50,000 and above with access, without notice or penalty, to 50% of the amount invested at any time.

Furthermore, there is a monthly interest option providing a return of 5.50% (5.64% AER) for people who require an income.

Karen Wint, Head of Marketing & PR said, "We have designed this product to offer customers a competitive guaranteed rate and access to up to 50% of their funds, at any time, without notice or penalty.

"Customers can invest as little as £100 and will earn 5.50% AER fixed on a balance up to £49,999, which is excellent value, with a monthly interest option paying 5.25% (5.38% AER). Therefore, both small and larger investors receive a good return and excellent flexibility."