Leeds launches fixed rate bond paying 6.40%

Leeds Building Society has launched a new highly competitive fixed rate bond paying 6.40% gross p.a./AER fixed until February 2010.

The Leeds High Interest Bond also combines an excellent guaranteed return with the Society’s trademark access to some of the funds, without notice or penalty, at any time. Furthermore, there is also a monthly interest option paying 6.34% gross AER (6.15% gross p.a.) 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 access to up to 25% of the initial amount invested any time. This is a very popular feature and we know our customers enjoy the peace of mind this provides.

"The minimum opening balance is only £100 and there are no short term bonuses, nor is there a requirement to open any linked accounts. The bond is also available at any of our 70 branches and by post.

"A limited issue product with a high return, flexibility, peace of mind and a monthly interest option will appeal to a wide range of investors. We expect the allocation to be snapped up very quickly."