Leeds Building Society launches fixed rate bond up to 7%

Leeds Building Society has launched a 2-year fixed rate postal bond paying a rising return of 7.00% in year 2.

Furthermore, savers can access 25% of the initial amount invested in the first year, without notice or penalty, and have unlimited access to the full balance at any time in year 2 whilst receiving 7.00% fixed.

The account pays a guaranteed return of 6.00% in the first year followed by 7.00%. There is also a monthly interest version for customers who require an income paying 5.75% in year 1, rising to 6.75% in the second year.

With a fixed return that is currently 1% above Bank Base Rate in the first year and 2% above in the second, customers can lock in excellent value.

Leeds Building Society expects this combination of a high rising guaranteed rate combined with the flexibility of excellent access to be extremely popular.

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