Leeds Building Society announces branch-based bond
www.moneynews.co.uk > Banking > Leeds Building Society announces branch-based bond
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Money News |
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Leeds Building Society announces branch-based bond
Fri 28th Aug 2009
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The bond is guaranteed to pay 4.3 per cent interest annually, or 4.11 per cent monthly for those who prefer a more frequent return.
Kim Rebecchi, director of sales and marketing at Leeds Building Society, pointed out that this is over eight times the current base rate set by the Bank of England which makes it an "attractive" choice to customers.
He said: "In the current economic climate, we know that peace of mind is a key factor in any investor's decision and this bond delivers exactly that."
The minimum investment required to qualify for the bond is £1,000 and ten per cent of the initial capital can be withdrawn without any charge.
The building society also launched its Winter Fuel Saver account this week, which pays out more interest in winter than in summer to help people pay for higher energy bills.
Click here for more banking news
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