Back to December 2016

Leeds starts 2017 with unique fixed rate bond

Leeds Building Society is renewing its commitment to savers ahead of 2017 with the launch of a unique new fixed rate bond.

On Thursday 22nd December, the Society is launching a unique 15 month fixed rate bond, which pays 1.30% gross/AER and permits 50% access to the capital investment.

“Saving more is consistently one of the top 10 New Year resolutions each year but with many accounts paying less than 1% interest, savers need a good reason more than ever,” said Jaedon Green, Leeds Building Society’s Director of Product and Distribution.

“We’re delighted to introduce this unique bond paying 1.30%, with the benefit of additional flexibility so customers can access up to 50% of their money, without penalty or notice.

“With half your savings effectively available instantly, the 1.30% rate compares very favourably with what’s on offer out there for most instant access savings accounts.

“The demand for fixed rate bonds remains strong across our range but, as we look to the New Year, many savers may prefer a shorter-term fix after the political and economic upheaval in 2016, which is likely to continue for some months yet.”

For savers looking for a longer-term fixed rate deal, on the same date the Society will launch a five year fixed rate bond with a return of 1.55% gross/AER.

Ends

Notes to Editors

Key Features

1.30% 15 Month Fixed Rate Bond

  • 1.30% gross/AER, maturing on 2nd April 2018
  • Minimum investment £100
  • Maximum investment £1m (£2m for joint accounts)
  • Penalty-free access to 50% of capital investment, no further withdrawals permitted
  • Available to open in branch, by post and online
  • Can be operated in branch or by post.

 

1.55% Five Year Fixed Rate Bond

  • 1.55% gross/AER, maturing on 31st January 2022
  • Minimum investment £100
  • Maximum investment is £1m (£2m for joint accounts)
  • Interest paid annually, commencing 31st January 2018.
  • Interest can be credited to the account or another account with the Society or elsewhere
  • No access permitted during term of bond
  • Available to open in branch, by post and online
  • Can be operated in branch or by post.

Leeds Building Society won the awards for Best Building Society Savings Provider and Innovation in Personal Finance (Part and part mortgages) at the 2016 Moneyfacts Awards.

Leeds Building Society operates throughout the UK, Gibraltar and Ireland and has assets of £14.9bn (at 30th June 2016). The Society’s head office has been based in the centre of Leeds since 1886.