Leeds launches bonus tracker savings account

Thu, 02 Feb 2006

Today has seen the launch of the Leeds Building Society bonus tracker savings account.

The savings interest rate on the deal has been set at 0.75 per cent above the Bank of England base rate and it will track at this level until February 1st 2007.

Those investing in the savings account are given the opportunity to make unlimited withdrawals subject to 60 days' notice.

Additional investments into the savings account are allowed throughout the term.

Product development manager at Leeds, Stuart Fearn, said: "With a 0.75 per cent bonus until June 1st 2006, the return of 5.25 per cent on a minimum investment of only £100 is outstanding.

He adds that savings account holders can access their savings account funds at any time.

"This straightforward account with guarantees, flexibility and access will be an excellent addition to any investment portfolio and we believe this account will prove popular with our customers," he concludes.

The Leeds Building Society has been operating since 1886 and it is the eighth largest building society in the UK.

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