Leeds launches competitive new 18 month fixed rate bond
A competitive new fixed rate bond has been added to Leeds Building Society’s savings portfolio.
The Society has added an 18 month bond - with a return of 2.00% gross/AER – to its range of fixed rate products.
“We’ve seen strong demand for our fixed rate bonds this year, whether for short or longer term products,” said Jaedon Green, Leeds Building Society’s Director of Products.
“This latest bond offers a competitive return and the 18 month term could be a good choice when the likelihood of a Bank Base Rate increase appears to have shifted back again, possibly into 2017.
“Of course, inflation still remains well below the Government’s target of 2%, which makes the return offered by this limited issue bond even more attractive.”
The minimum balance is £10,000 and further deposits can be made while the bond remains available.
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
- 00% gross/AER fixed until 2nd July 2017
- Minimum Investment £10,000
- Maximum investment is £1m (£2m for joint accounts)
- Interest paid on 30th November 2016 (credited to the account) and on maturity on 2nd July 2017
- No withdrawals are permitted prior to maturity
- Available to open in branch, by post and online
Leeds Building Society received the ‘Innovation Award (Lenders)’ at the Mortgage Finance Gazette Awards 2016, the third consecutive year the Society has won this category, as well as the award for ‘Product Innovation (Lenders)’.
The Society also has been named ‘Best Regular Savings Account Provider’ for the second consecutive year by independent consumer advice website Savings Champion.
Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £12.7bn (as at 30th June 2015). The Society has operated from the centre of Leeds since 1886.