Leeds' 'competitive' postal bond continued

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Leeds' 'competitive' postal bond continued

Mon 5th Mar 2007

Leeds Building Society has announced it will be continuing to offer its competitive three-year fixed-rate postal bond at six per cent.

On a minimum investment of £100 (maximum £1,000,000), customers will receive annually paid interest.

Consumers taking on the Leeds Building Society postal bond will also be able to withdraw up to 25 per cent of their initial capital invested, without notice or penalty,
while additional investments can also be made to the fund.

Ian Ward, chief executive of the group, said that with market rates having reduced from a February high, the package was "extremely attractive".

He added that this was especially the case considering that the Leeds postal bond comprised "a low minimum balance and instant access to some of the funds".

Having operated since 1886, the building society possesses over 70 branches in the UK and Gibraltar.

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