Leeds Building Society bond launched
www.moneynews.co.uk > General finance > Leeds Building Society bond launched
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Money News |
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Leeds Building Society bond launched
Tue 28th Oct 2008
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The fixed-rate bond gives returns of up to six per cent, with monthly interest options for holders who wish to have an income from it.
A deposit of less than £49,000 will bring in 5.25 per cent gross per annum, while £50,000 to £100,000 will gather 5.5 per cent.
If a deposit exceeds £100,000, it will have a gross rate per annum of five per cent.
If the interest is calculated monthly, a deposit of under £49,999 will have a rate of five per cent gross per annum.
A bond worth £50,000 to £100,000 would collect 5.25 per cent while anything more will have 5.75 per cent.
The bond matures on November 30th, 2010.
Earlier this month, Leeds Building Society said that its Inflation Buster Bond and individual savings account were guaranteed to beat inflation.
It said the two products pay the Retail Price Index as well as a fixed interest rate.
The first issue of the bond had an annual return of 7.32 per cent on its first anniversary.
Related News : General finance |
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Related News : Banking |
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