Leeds Three-Year Fixed-Rate Bond unveiled

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Leeds Three-Year Fixed-Rate Bond unveiled

Tue 2nd May 2006

A new Leeds Three-Year Fixed-Rate Bond has been launched, which guarantees to pay five per cent interest.

Customers who invest in the bond will be allowed access to up to 25 per cent of the amount they initially put in without notice or penalty at any time.

A minimum investment of £5,000 is required to open the Leeds Three-Year Fixed-Rate Bond and a maximum investment of £250,000 is allowed for single accounts, while joint customers can have a balance of £500,000.

"We are trying to ensure that customers receive a very competitive return and the peace of mind provided by allowing access to some of the funds, without notice or penalty," said Stuart Fearn, product development manager at Leeds.

"We expect this account to be popular and additional investments are only allowed whilst this limited issue remains open."

The Leeds Three-Year Fixed-Rate Bond will pay interest annually, commencing on May 1st 2007 and on maturity on May 1st 2009.

Leeds is the eighth largest building society in the UK, with assets of over £7.1 billion and 58 branches.