Leeds Building Society Options Bond launched
www.moneynews.co.uk > Banking > Leeds Building Society Options Bond launched
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Money News |
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Leeds Building Society Options Bond launched
Fri 21st Jul 2006
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Customers can benefit from a guaranteed rate of interest while also taking advantage of the growth potential of the stock market.
Minimum investment in the Leeds Building Society Options Bond is £5,000 and customers could see a return on their investment of up to £3,333.
The new product splits investment such that 40 per cent goes to a Leeds Building Society deposit account, while the remaining 60 per cent is linked to changes in the stock market through Norwich Union's Portfolio.
Trevor Garside, head of financial services, said: "The Norwich Union Portfolio offers a choice of investment funds, including the inflation protected guarantee on its with-profits fund.
"As well as guaranteeing capital, this unique feature tracks the Retail Price Index."
Earlier this year, Leeds Building Society won Mortgage Magazine's Best Building Society Award.
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