Leeds Building Society has launched a new one-year savings bond.
The savings option offers a rate of interest of 5.5 per cent, which the society claims is "the best fixed-rate instant access product in the market".
Additionally, those who wish to generate an income from their savings will find that a monthly interest option is available, although this features a lower rate of interest at 5.38 per cent.
The society claims that customers are able to access their savings at any point, free of notice period or any imposed penalties.
Karen Wint, head of marketing at Leeds Building Society, commented: "Where else can you get a high up-front guaranteed return for 12 months and the flexibility to withdraw at any time, without notice or penalty?"
She added that the savings option is the only one available on the market with a high fixed-rate level of interest, instant access and a monthly interest option.
In addition to this savings product, Leeds offers a number of alternatives, including online and tax-free options.
New savings product from Leeds
New savings product from Leeds
Mon, 18 Dec 2006
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