Fixed Rate Escalator Bond paying up to 6.00%

Leeds Building Society has launched a 5-year Fixed Rate Escalator Bond paying a market leading rate of 6% in year 5. The account allows unlimited access to 25% of the initial capital invested at any time without notice or penalty.

The account pays a return of 3.25% in the first year, 3.50%, 3.75%, 4.00% and 6.00% in the subsequent years, giving an AER of 4.10%. Furthermore, there is also a monthly interest version with an AER of 3.92% for customers who require an income.

Kim Rebecchi, Director of Sales and Marketing said, "This account pays an escalating return up to 6% in the fifth year. The bond also has the major benefit of penalty free access up to 25% at any time.

"A guaranteed increase in the interest rate for the next five years offers excellent value and peace of mind, especially when considering that a 6% rate can be achieved in the final year. Customers know exactly what their return will be as well as having the comfort of knowing that they have instant access, without notice or penalty, to 25% of their funds.

"Furthermore, this account is a high street passbook account available at any of our branches, as well as online and by post."

For more information, visit leedsbuildingsociety.co.uk