Leeds launches new Postal Tracker savings account

Leeds Building Society has launched a new Postal Tracker savings account, which is guaranteed to track the Bank of England Base Rate plus 1.50% until 1st December 2008. Therefore, the account currently pays a great rate of 6.60% AER (6.50% gross).

Following 1st December 2008, the balance will be transferred to a base rate tracking account that guarantees to match or better Bank of England base rate until 1st December 2009. Customers will have unlimited access during the base rate tracking period.

Karen Wint, General Manager Marketing and Customer Services said, "This is an excellent postal savings account paying a guaranteed rate of 1.50% above the Bank of England Base Rate.

"There is also the option of access to some of the initial capital invested in case of emergency. I believe this account is an integral addition to any customers' investment portfolio."

For further information and an application form, customers can telephone 08450 540 995, where staff are available 7 days a week from 8am to 8pm in the Leeds based call centre, or visit leedsbuildingsociety.co.uk, for an application form.