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Leeds Building Society sees strong demand for competitive five year savings bond

Leeds Building Society is seeing strong demand for its five year income bond, with a competitive fixed rate of 2.85% gross/AER.

“We launched this bond in response to demand from customers, as we know many are looking to generate income from their savings,” said Kim Rebecchi, Leeds Building Society Sales & Marketing Director.

“We know savers, particularly those on fixed incomes, are seeking to maximise returns and this bond offers a competitive fixed rate to savers who are able to invest their nest egg for the longer term.”

The five year income bond has a minimum opening balance of £10,000 and up to a maximum of £1 million can be saved.

Interest is paid monthly and withdrawals are not permitted during the term of the bond.

For more information, customers can call into their local branch, visit the website or call the savings hotline on 08450 540 995.

Ends

Notes to Editors

Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £11.2bn (as at 31 December 2013). The Society has operated from the centre of Leeds since 1886.

Five-Year Income Bond

  • 2.85% gross/AER fixed until 31st July 2019.
  • Minimum Investment £10,000 per account.
  • Maximum investment is £1,000,000 (£2,000,000 for joint accounts).
  • Monthly interest is paid on the last working day of each month commencing 30th June 2014 and on maturity (31st July 2019).
  • Interest must be paid out or transferred to another account with the society.
  • No withdrawals are permitted at any time.
  • Available to open in branch, online or by post, and can be operated in branch or by post.

Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £11.2bn (as at 31 December 2013). The Society has operated from the centre of Leeds since 1886.