New Leeds one-year fixed rate bond released

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www.moneynews.co.uk > General finance > New Leeds one-year fixed rate bond released

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New Leeds one-year fixed rate bond released

A Leeds one-year fixed rate bond has hit the market, the building society said today.

Customers need to invest a minimum of £5,000 in the branch-based account, which pays up to 4.6 per cent until February next year.

The bond also offers up to 50 per cent of the invested amount without notice or penalty, something that Leeds says is unusual for this type of product.

Karen Wint, head of marketing, said: "The one-year fixed rate bond offers guaranteed value, which is combined with excellent access to half the funds invested."

"This bond is great for customers who are looking for a guaranteed return but who may need access to part of their money should something unexpected happen during the year," she added.

In addition to the new Leeds one-year fixed rate bond, the building society launched a fixed rate mortgage in December in a bid to give first-time buyers a helping hand in getting onto the property ladder.

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