Leeds account 'rolled out'

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Leeds account 'rolled out'

Mon 18th Jun 2007

Leeds Building Society has launched a new account with a guaranteed interest rate of seven per cent in the third year of the term.

The account provides consumers with an incremental interest rate rise, starting at 5.50 per cent in the first year up to seven per cent in the third.

Customers taking on the Leeds Building Society package can choose between an annual return or monthly interest, which will be paid on the last day of the working month.

Requiring a minimum investment of £1, the Leeds account allows customers to make one withdrawal of up to 50 per cent in the first and second year of the term and full instant access in year three.

Describing the product as "unrivalled in the marketplace", Karen Wint, head of marketing and PR at the group, said: "The products gives savers the best of both worlds with guaranteed increases in rate combined with excellent access to their funds."

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