Leeds launch 6-Month Fixed Rate Bonds

Leeds Building Society has launched a 6-Month Fixed Rate Postal Bond paying 6.20% AER (6.11% gross per annum) on a minimum investment of only £5,000.

Furthermore, customers can have access to all of their funds at any time without notice or penalty.

For customers who wish to benefit from the branch facilities and prefer a passbook based account, there is a 6-Month Fixed Rate Bond paying 6.09% AER (6.00% gross per annum). The minimum investment is only £100 and the flexibility of access to up to 50% of the initial amount invested at any time, without notice or penalty.

Karen Wint, General Manager Customer Services & Marketing said, "These straightforward fixed rate bonds offers customers an excellent guaranteed return combined with the flexibility of instant access to their funds.

"With many market commentators predicting further falls in Bank Base rate, possibly even as early as next month, this product provides an excellent home for funds on a short term basis as well as access if a market opportunity arises or in case of emergency.

"On maturity, the funds will convert to a tracker guaranteed to match base rate until 31 March 2010 with unlimited penalty free access, providing even greater flexibility."

For further information and an application form, visit leedsbuildingsociety.co.uk.