Leeds launches new fixed rate savings account

Leeds Building Society has launched a new fixed rate branch based savings account paying an excellent 6.76% AER (6.70% gross) with access to up 25% of the balance, without notice or penalty at any time, to compliment its market leading postal savings account.

The rate is fixed until 30 June 2008, at which point the balance will be transferred to a base rate tracking account that guarantees to match Bank of England base rate until February 2010. Customers will have unlimited access during the base rate tracking period.

Karen Wint, Head of Marketing & PR said, "This is a simple and straightforward savings account paying a fantastic guaranteed rate of return of 6.76% AER (6.70% gross). Customers benefit from the certainty of a fixed rate combined with the flexibility of some access.

"We expect the account to be very popular and have recently seen an uplift in enquiries from new customers wanting a home for their savings. We have a very limited tranche available. The minimum investment is £10,000 and the maximum is £50,000."