Leeds Building Society bonds launched

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Leeds Building Society bonds launched

Two new Leeds Building Society bonds have been announced by the organisation.

There is a one-year, fixed-rate bond, which pays 3.5 per cent gross per annum, as well as a three-year fixed-rate bond which pays a rate of four per cent gross per annum.

The Leeds Building Society bonds both permit access to 25 per cent of the balance without notice or penalty at any point.

For customers wanting an income, there are also options for monthly interest.

Karen Wint of Leeds Building Society said they were good value as they locked in at one per cent above the new base rate, adding that many analysts predict the rate to fall further.

This week, Baronworth Investment Services announced that it had launched a Guaranteed Growth Bond with AIG Life.

Investors have the choice of terms lasting three months, six months, nine months or a year.

Deposits of £100,000 to £499,999 offer a rate of 6.08 per cent per annum net of basic rate tax, or 6.13 per cent for a higher amount.

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