Leeds Building Society has launched two new fixed rate savings bonds which offer people the chance to get a better return than the Bank of England base rate.
The first of these is a one-year fixed savings bond which offers an interest rate of 3.5 per cent and the second a three-year savings account which offers a rate of four per cent.
Karen Wint, general manager for marketing and customer services at the mutual, said: "These accounts offer returns of up to four per cent and with the Bank of England base rate currently at three per cent, the option to lock in at one per cent above this offers good value."
The fact that many are predicting that the base rate might fall even further means the savings bonds are even better value, she added.
As well as this, people will be able to access 25 per cent of the capital deposited in the savings accounts without notice or penalty at any time.
Yesterday, MoneyExpert.com praised the Close Brothers' Close Treasury Premium Gold savings account, stating it is a good choice for those with £10,000 to stash away.
Leeds BS launches new savings bonds
Leeds BS launches new savings bonds
Fri, 07 Nov 2008
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