A guaranteed rate of return is available to those investing in a new savings bond from Leeds Building Society.
The savings provider has announced the introduction of a new fixed-rate savings bond that offers investors a choice of investment term.
Those depositing money in the savings bond can fix their savings term over one, two or three years and will have immediate access to some of their investment without being penalised.
A "market-leading" savings interest rate of 5.05 per cent is available on the Leeds three-year fixed selection bond, which can be opened with a minimum investment of £100.
The one-year and two-year options of this savings bond pays savings interest rates of 4.7 per cent and 4.85 per cent respectively.
Stuart Fearn, product development manager at Leeds, says this savings bond was designed specifically to offer those wishing to save money a "fantastic" savings interest rate as well as a choice of terms and access.
This way, more people can open a savings account that suits their needs, Mr Fearn explains.
"This straightforward bond allows choice, flexibility and a high guaranteed rate of return and we expect this to be very popular with many investors," he concludes.
Savings bond offered by Leeds
Savings bond offered by Leeds
Fri, 10 Feb 2006
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