Unique new savings bond launched by Leeds Building Society
The latest fixed rate bond launched by Leeds Building Society offers savers a competitive return of 1.70% - with unique access to up to a quarter of their money
The new 18 month bond is available from Wednesday, 4th February, through all channels.
It can be opened with a minimum investment of £100 and uniquely offers savers access to 25% of their capital investment without penalty during the term of the bond.
“Our latest savings bond offers a competitive return and, in common with our other fixed rate products, penalty-free access to up to a quarter of the capital invested,” said Kim Rebecchi, Leeds Building Society’s Distribution and Marketing Director.
“The 18-month term offers savers a good compromise between the usual fixed rate bonds terms of one and two years where investors don’t want to tie up all their funds for a longer period.”
For more information, customers can call into their local branch, visit the website at www.leedsbuildingsociety.co.uk or call the savings hotline on 08450 540 995.
Notes to Editors
18 month Fixed Rate Bond
- 1.70% gross/1.69% AER fixed until 2nd October 2016
- Minimum Investment £100
- Maximum investment is £1m (£2m for joint accounts)
- Interest paid on maturity (2nd October 2016)
- Access permitted to 25% of the capital investment without penalty, no further withdrawals are permitted
- Available to open in branch, by post and online
Leeds Building Society has won four awards for innovation in the past 12 months, including being named ‘Innovator of the Year’ at the Moneywise Magazine Mortgage Awards 2014 for its Welcome Mortgage. This allows borrowers to pay 0% interest for the first few months of their term so they can free up cash to help them settle into their new home.
The Society scooped the ‘Mortgage Innovation Award’ and was named ‘Most Innovative Personal Finance Provider’ at the Moneynet Personal Finance Awards 2014, and also received the ‘Innovation Award (Lenders)’ at the Mortgage Finance Gazette Awards 2015, in addition to being named ‘Best Intermediary Lender’, both for the second consecutive year, and winning the award for ‘Best Use of Technology (Lenders)’.
Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £12.1bn (as at 30 June 2014). The Society has operated from the centre of Leeds since 1886.