Leeds & Holbeck 2-year fixed-rate bond announced

www.moneynews.co.uk > General finance > Leeds & Holbeck 2-year fixed-rate bond announced

Leeds & Holbeck 2-year fixed-rate bond announced

Tue 24th May 2005

A new Leeds & Holbeck two-year fixed-rate bond has been launched, which the company promises offers excellent flexibility.

The bond, operated by the Gibraltar branch, requires a minimum investment of £5,000 and comes with a monthly option.

Access is available on up to 50 per cent of the amount invested without notice or penalty, which the company claims is "unusual" for a two-year fixed-rate bond.

Customers who are unable to invest an initial lump sum are offered a Regular Saver account by Leeds & Holbeck, meaning that a saving of as little as £20 a month gives a return of 5.5 per cent (2.5 per cent variable with a fixed bonus of three per cent).

The Leeds & Holbeck two-year fixed-rate also allows one penalty-free withdrawal during the bonus period.

Gibraltar operations manager, Sally Butcher, said: "With market rates predicting a fall in base rate, this bond extension offers excellent guaranteed value combined with access to half the funds invested, without notice or penalty.

"The Regular Saver also provides an excellent return for customers who cannot invest a lump sum."

Related News : General finance
	Citizens Advice welfare applauds government
	Confused.com energy defends British Gas
	Bank of Ireland passes stress test
	Tesco Mobile deal 'courts consumers'
	Scottish Widows Investment Partnership notes favourable response
	Customers should fix now, says moneysupermarket.com energy
	Confused.com highlights importance of getting the best deal
	Prices on the rise, says moneysupermarket.com energy
	Bank of Scotland economic report 'suggests transitional phase'
	Clydesdale and Yorkshire Banks security advice issued