Leeds Building Society launch 1 year fixed rate bond

Leeds Building Society has launched a new 1 Year Fixed Rate Bond paying 6.20% AER on balances of £50,000 and above with access, without notice or penalty, to 25% of the amount invested 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 & PR said, "We have designed this product to offer customers a competitive guaranteed rate and access to up to 25% of their funds, at any time, without notice or penalty. This bond is available at any of our 70 branches, by post or online.

"Customers can invest as little as £100 and will earn 6.00% AER fixed on a balance up to £49,999, which is excellent value, with a monthly interest option paying 5.75% (5.91% AER). Therefore, both small and larger investors receive a good return and excellent flexibility."