Leeds fixed rate savings bonds paying up to 4%

Leeds Building Society has launched new 3 and 5 Year fixed rate bonds paying up to 4.00% and 4.50% respectively, with interest paid annually or monthly. Unlike many of the fixed rate bonds currently on the market, Leeds allows customers access to 25% of the funds without notice or penalty at any time.

Kim Rebecchi, Leeds Building Society's Sales and Marketing Director said, "These new fixed rate bonds, with interest paid annually or monthly, offer a combination of value and flexibility. Savers can benefit from a competitive guaranteed rate of return with the peace of mind associated with access to 25% of the funds in case of emergency or changes in the market.

"Both these fixed rate bonds pay rates of interest significant higher than the current Bank of England base rate (BBR) of 0.5%. The 3-year account pays up to 8 times higher than BBR at 4%, with the 5-year version paying up to 9 times more than BBR at 4.5%.

"There are no short term bonuses or requirements to open any linked accounts. Customers avoid having all their funds locked away for the duration of the term, and can keep their options open. Available for 3 or 5 years, both with monthly interest options for those customers who require an income, this range of products offer certainty and choice. Therefore, I anticipate many investors would benefit from this combination in their portfolio."

For more information, visit leedsbuildingsociety.co.uk.