Leeds launches 2 & 3-year fixed rate postal bonds paying 6.70%

Leeds Building Society is set to launch new 2 and 3-year year fixed rate postal bonds both paying a market leading 6.70% gross p.a./AER.

Unusually for such high guaranteed rates, customers also benefit from access of up to 25% of the amount invested at any time, without notice or penalty. Furthermore, there are also monthly interest options paying up to 6.66% AER (6.45% gross p.a.) for customers who require an income.

Karen Wint, Head of Marketing & PR said, "A guaranteed market leading return of 6.70% and access to some of the funds is simply outstanding value. We have specifically designed these products to offer customers a fantastic fixed rate, a choice of term and the flexibility provided by access, so more customers can open an account that suits their needs.

"The minimum operating balance is only £5,000 and we expect that the accounts will be extremely popular and an excellent addition to any investment portfolio. I would urge customers to act quickly to avoid disappointment."