Savers head for safe havens and good value for money products

Leeds Building Society has seen healthy savings inflows throughout the year, with September and October further strong performances.

Karen Wint, General Manager Marketing & Customer Services, explains, "There has been unprecedented turmoil in the markets and our successful, sustainable and efficient business model, providing value for money products backed up by excellent service continues to attract customers looking for branch based passbook accounts. There is no doubt that people want to know that their money is safe and that they can call into their branch to access it.

The Society today launched a new 1-year fixed rate bond paying 5.00% AER with access to up to 50% of the initial amount invested, without notice or penalty at any time, to complement its popular 2-year fixed rate paying up to 6.00% AER.

Karen continued "Our 1 and 2-year bonds provide excellent homes for savings and access to some of the funds in case of emergency. We know that peace of mind is a key factor in any investor's decision and these bonds deliver exactly that, with a competitive guaranteed return and flexibility.

"With Bank Base Rate currently at 4.5% and further cuts possible as early as next week, the ability to lock in value and flexibility is very attractive. Customers also have access to a full branch facility when operating the account or by post if they prefer. Monthly interest options are also available for customers who require an income."

For more information, visit leedsbuildingsociety.co.uk