Leeds Building Society has launched a new fixed savings bond which offers a rate of five per cent.
The one year savings bond also offers people instant, penalty-free access to 50 per cent of their initial deposit at any time.
According to Karen Wint, general manager for marketing and customers services at the mutual, this product will complement its two-year fixed savings bond, which offers a rate of six per cent.
She said: "Our one and two-year bonds provide excellent homes for savings and access to some of the funds in case of emergency."
The savings bonds also offer peace of mind, something that is currently important to those looking for somewhere to put their money, Ms Wint added.
Last week, Skipton announced that it has launched a new savings account aimed at helping meet the cost of the 2009 festive period.
The Christmas Saver Account offers a rate of 6.55 per cent as long as people deposit between £10 and £250 each month from now until November 24th next year.
Leeds BS launches new fixed rate savings bond
Leeds BS launches new fixed rate savings bond
Mon, 03 Nov 2008
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