Market leading 2 year fixed rate bond guarantees 6.50% AER

Leeds Building Society has launched a market leading 2-Year Fixed Rate Bond paying 6.50% AER until 31 August 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 6.44% AER (6.25% gross pa) for people who require an income.

Karen Wint, Head of Marketing and P.R. said, "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 there are no short term bonuses, nor is there a requirement to open any linked accounts.