Despite the fall in market rates, Leeds & Holbeck Building Society has announced the launch of a one-year fixed rate savings bond with a competitive interest rate.
The savings bond offers an interest rate of 4.80 per cent until August 1st 2006 on a minimum investment of £5,000.
Interest rate on the savings bond investment could be paid monthly and investors have access to half of their invested capital without incurring penalty charges or having to give notice.
"With market rates predicting a fall in base rate, this savings bond extension offers excellent guaranteed value combined with access to half the funds invested, without notice or penalty," commented the society's Karen Wint, head of marketing and PR.
This flexible savings bond is available at any of the society's 57 branches in the UK.
Savers could also save money in Leeds & Holbeck's Regular Saver savings account if they are unable to invest an initial lump sum.
Investing a minimum of £20 a month pays at an interest rate of 5.50 per cent (2.50 per cent variable plus a fixed bonus of 3.00 per cent).
Leeds & Holbeck savings bond offers competitive interest rate
Leeds & Holbeck savings bond offers competitive interest rate
Wed, 06 Jul 2005
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