Leeds Building Society has responded to experts' predictions of another reduction in interest rates before Christmas, by drawing attention to its limited issue savings bond.
According to the Society the Leeds Reward Bond, offering a fixed savings interest rate of five per cent on all balances, is ideal in the face of another possible interest rate cut.
The minimum investment in the savings bond is £100, but savers could invest up to £5,000 in the account, and up to £10,000 for those holding a joint account.
According to Karen Wint, the head of marketing and PR at Leeds, the competitive savings interest rate coupled with many market commentators predicting a further interest rate cut, confirms this savings bond as a market leader.
"This is a limited issue and we are determined to make it available as long as possible," she commented.
"However, a product paying such an attractive return will prove extremely popular in any portfolio."
She added that with a maturity date of March 1st 2007, those hoping to invest in this savings bond will have sufficient time to take advantage of the tax year-end.
"With a minimum opening balance of £100, you don't have to be wealthy to benefit from this great rate," Ms Wint concluded.
Leeds offers limited issue savings bond
Leeds offers limited issue savings bond
Mon, 19 Sep 2005
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