Fixed rate bond pays up to 7%

Leeds Building Society has launched a 2-year fixed rate Escalator 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.

Kim Rebecchi, Director of Sales said, "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 with this branch based account. I expect the combination of a high rising guaranteed rate combined with the flexibility of excellent access to be extremely popular.

For more information, customers can call into their local branch, or visit leedsbuildingsociety.co.uk.