New Escalator Bond Savings Account From Leeds
Published: 9 February 2011
By MoneyHighStreet Staff Leave a Comment
Updated: 9 February 2011
Leeds Building Society has a new savings account, a 5 year fixed rate Escalator Bond which allows unlimited access to 25% of the initial investment at any time, without notice or penalty.
The new savings account pays annual interest up to 6% in year 5. It also pays a guaranteed return of 3.25% in the first two years, 4.00% in year three and 5.00% in year four. The AER is 4.3%.
There is a monthly interest option if preferred which pays an AER of 4.05%.
Kim Rebecchi, Sales and Marketing Director, said, “I believe this product offers excellent value and peace of mind” and added it “allows customers to guarantee a rising return without having to rely on any changes to bank of England Base Rate”.
The minimum investment is £100 and the maximum £1,000,000 (£2,000,000 for Joint Accounts).
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.