From today, a new savings bond is available from Leeds Building Society.
The one-year savings bond offers a fixed savings interest rate of 4.8 per cent until the beginning of February 2007.
Interest can be taken every month on an investment of at least £5,000. Savings bond holders will be able to access half of their initial investment penalty-free, without having to give notice.
This savings bond offers "excellent guaranteed value", according to the head of marketing and PR at Leeds, Karen Wint.
Leeds has also announced that customers who want to start saving money but are unable to invest an initial lump sum could opt for the Regular Saver savings account.
Those putting £20 into the savings account every month will earn five per cent savings interest rate, which includes a fixed bonus of three per cent.
"With the increasing interest in pensions and the uncertainty that people are facing, straightforward products like these offer a good starting point for savers," Ms Wint says.
More information about these savings products is available at Leeds branches, on the website or on the society's savings hotline.
Straightforward savings bond from Leeds
Straightforward savings bond from Leeds
Mon, 28 Nov 2005
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