New fixed rate bond for short term savings
A new 18 month fixed rate bond paying 2.00% gross/AER has been launched by Leeds Building Society.
“Lots of older savers will be looking for a new home for their money as the rate falls on their Pensioner Bonds and this limited issue bond offers an extremely competitive return,” said Jaedon Green, Leeds Building Society’s Director of Products.
“With the likelihood of a change in the bank Base Rate pushed back into next year we expect to see strong demand from savers looking for short term fixed rate products.
“The 18 month bond complements the one and two year fixed rate products in our range to give more choice to short term savers.”
The limited issue bond can be opened with a minimum investment of £5,000 and further deposits can be accepted while the product 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
- 2.00% gross/AER fixed until 3rd September 2017
- Minimum investment £5,000
- Maximum investment is £1m (£2m for joint accounts)
- Interest paid on 31st January 2017 (credited to the account) and on maturity on 3rd September 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.