Consumers looking to store up their finances in a high rate savings account have been offered another alternative by Leeds Building Society , which will add to the array of financial services currently available.
The finance firm has launched a new postal savings account which will allow customers to access their savings without being charged a penalty fee, at any time.
A guaranteed rate of 6.6 per cent is being offered to customers under the terms of the deal.
Head of marketing and public relations at the company Karen Wint comments that the account is flexible in terms of access but also offers the benefits of a fixed rate of interest .
"Customers benefit from the certainty of a fixed rate combined with the flexibility of access. No matter what happens in the market, investors simply cannot lose," she remarks.
She adds that the new savings account is likely to be very popular and will have a limited number of tranches.
The minimum investment is £5,000 and the maximum is £50,000.
Stroud and Swindon has also launched a new bond, giving savers the chance to capitalise on a rate of 7.05 per cent.
New savings account launched
New savings account launched
Fri, 14 Sep 2007
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