Leeds launches Online Freedom 50 account

Leeds Building Society has launched a new online savings account for customers aged 50 or above which guarantees to pay Bank Base Rate plus 0.70%, currently 6.45%, until 30 April 2008 with unlimited access at any time, without notice or penalty.

Furthermore, customers will receive Bank Base Rate plus 0.35% from 1 May 2008 until 31 October 2008, followed by Bank Base rate until maturity on 31 October 2010.

Karen Wint, Head of Marketing & PR said, "This is a high interest unlimited access savings account paying a fantastic rate on a balance of only £100 up to £100,000 (£200,000 for joint accounts). There are no restrictions on the amount that can be invested on a monthly basis and no requirement for any linked accounts.

"With the combination of a fantastic rate and unlimited access, we expect this limited issue online product to be very popular and I would urge customers to act quickly to avoid disappointment."

For further information customers can visit leedsbuildingsociety.co.uk.