New Leeds Limited Issue 18 month bond offers best rate on High Street
Leeds Building Society is starting the New Year with a savings bond offering the best rate on the High Street.
The Society today (2nd January) launches a new Limited Issue 18 month fixed rate bond with a rate of 1.60% gross/AER, available in branch, online and by post.
“NS&I’s maturing ‘Pensioner Bonds’ will help to make January the largest month for maturies in 2018 so a lot of savers will start the New Year looking for a new home for their money,” said Richard Fearon, Leeds Building Society’s Chief Commercial Officer.
“Fixing for 18 months with us gives a higher rate than the 1.5% paid by NS&I’s one year bond and we also offer access across more channels – including our branches – rather than just online.
“Our 18 month bonds tend to be popular as savers can see the benefit of fixing for an extra six months to receive a higher rate compared to a one year product.
“We saw strong demand for short term fixed rate savings products throughout 2017 and expect that to continue into 2018.”
Leeds Building Society’s Limited Issue 18 month bond can be opened in branch, online or by post, and further deposits can be added to the account until 28th February 2018.
Notes to Editors
1.60% Limited Issue 18 Month Fixed Rate Bond
- 60% gross/AER, maturing on 31st July 2019
- Minimum investment £100
- Maximum investment £1m (£2m for joint accounts)
- No withdrawals permitted
- Available to open in branch, by post and online
- Limited issue
- Interest paid annually on 2nd January 2019 and on maturity on 31st July 2019
- Interest can be credited to the account or paid into another account with the Society or elsewhere
- On maturity the account defaults into an easy access account
Leeds Building Society was named Best Building Society Savings Provider in the Moneyfacts Awards for 2017, having also won this title in 2016.
The Society won the title of Best Shared Ownership Mortgage Lender in the 2017 What Mortgage Awards, its second consecutive year of success in this category.
Leeds Building Society operates throughout the UK, Gibraltar and Ireland and has assets of £17.3bn at 30th June 2017 (£14.9bn at 30th June 2016). The Society’s head office has been based in the centre of Leeds since 1886.