Back to March 2019

Leeds Building Society longer-term bonds offer savers rate security

Leeds Building Society has updated its two and five year bonds as it continues to offer greater choice for savers.

Highlights of the longer-term bond range, which appeal to people looking for the security of strong rates over a longer period of time, include:

  • Two Year 1.70% gross p.a./AER fixed until 4 May 2021
  • Five Year 2.05% gross p.a /AER fixed until 30 April 2024

Both bonds are available from the Society’s branches across the UK and can be operated in branch or by post.

Matt Bartle, Leeds Building Society’s Director of Products, said: “The new issues of our two and five year bonds offer attractive rates on the high street. The bonds provide consumers with the security of strong rates, providing better returns if they’re able to put their money away for a longer term.

“We know our members value products available via our branch network and continue to cater for those who prefer dealing with their finances face-to-face.

“Recent research we carried out on savings behaviour showed a growing number of people dropped the habit as the year progressed so the option of putting money aside for a longer period may be the best way for them to reach their ultimate savings goals.”

National research by the Society at the end of last year* found 28% of the people who failed to reach their financial goals in 2018 had given up saving by the end of April.

Ends

Notes to Editors

Key features

1.70% Two Year Fixed Rate Bond (Issue 341)

  • 1.70% Gross p.a./AER fixed until 4 May 2021
  • Minimum investment £100
  • Maximum investment £1m (£2m for joint accounts)
  • No withdrawals permitted
  • Can be opened in branch, online or by post and operated in branch or by post
  • Interest paid annually on 4 May and on maturity (4 May 2021)
  • 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

 

2.05% Five Year Fixed Rate Bond (Issue 343)

  • 2.05% Gross p.a./AER fixed until 30 April 2024
  • Minimum investment £100
  • Maximum investment £1m (£2m for joint accounts)
  • No withdrawals permitted
  • Can be opened in branch, online or by post and operated in branch or by post
  • Interest paid annually on 30 April and on maturity (30 April 2024)
  • 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

*A survey, which was undertaken in December 2018 sought the views of 584 people across the UK.

To find the Society’s nearest branch, click here

Leeds Building Society was named Best Building Society Savings Provider in the Moneyfacts Awards for 2018, having also won this title in 2016 and 2017. It was also awarded a Gold Ribbon for customer experience from Fairer Finance for its savings accounts.

Leeds Building Society operates throughout the UK and in Gibraltar and has assets of £19.4bn at 31 December 2018 (£18.5bn at 31 December 2017). The Society’s head office has been based in the centre of Leeds since 1886.