Leeds launches new short term Fixed Rate Postal Bond

Leeds Building Society has launched a new market leading short term Fixed Rate Postal Bond paying a guaranteed return of 2.50% gross p.a./2.52% AER. Furthermore, the bond also allows unlimited access to all of the funds at any time, without notice or penalty.

Kim Rebecchi, Leeds Building Society Sales and Marketing Director said, "The ability to secure a guaranteed fixed return as high as 2.50%, which is five times higher than Bank Base Rate, combined with the flexibility of full access to the funds at any time will be extremely popular.

"This product offers the best of both worlds. Savers know exactly what they are getting and, with the market predicting no increase in rates for some time, the Fixed Rate Postal Bond provides an ideal home for their savings, delivering a very high rate of return.

"This is combined with the flexibility of unlimited access to all of the funds without penalty, so if rates do increase earlier than anticipated or a customer's circumstances change, they can withdraw their funds at anytime, delivering complete peace of mind.

"This simple straightforward market leading account speaks for itself and customers do not need to open any linked accounts or invest specific monthly amounts with the Society. A return of 2.50%, combined with the flexibility of unlimited penalty free access, makes this product absolutely great value."