Leeds Building Society: New bonds launched

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Leeds Building Society: New bonds launched

Tue 17th Feb 2009

Leeds Building Society bonds have become even more attractive to savers, following the announcement of new guaranteed returns.

The institution has revealed it is to offer returns of up to 3.5 per cent and the ability to lock in at 2.5 per cent above the current base rate of interest.

"These bonds offer extremely good value and, with many market commentators predicting still further cuts to bank base rate, they could become even more attractive," said Kim Rebecchi, director of sales and marketing at Leeds.

Ms Rebecchi added that the accounts come with access to 25 per cent of the balance, penalty free.

Furthermore, there are no short-term bonuses and holders can enjoy a full branch service if they require.

The news follows the announcement by nationwide that it is to issue the eighth Legal and General capital-guaranteed multi-index equity bond.

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