Leeds Building Society one-year postal bond launched

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Leeds Building Society one-year postal bond launched

The Leeds Building Society one-year postal bond has been introduced to the market, offering a rate of 5.5 per cent AER that is fixed until January 2008.

With instant access available for all of the funds, the bond is designed to offer flexibility for customers who will not incur a penalty should they wish to draw out their funds at any time.

For customers who wish to obtain an income from their bond there is an option of receiving a monthly interest rate of 5.38 per cent AER from the Leeds Building Society one-year postal bond.

Karen Wint, head of marketing, commented: "Where else can you get a high up-front guaranteed return for 12 months and the flexibility to withdraw at any time, without notice or penalty?"

"The rate from Leeds Building Society is currently 0.75 per cent higher than ING and 0.25 per cent above Birmingham Midshires. It is the only account that provides a fixed market leading return combined with easy access, as well as a monthly interest option."

Leeds Building Society was crowned Best Building Society in Mortgage Magazine's award ceremony this year.

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