New Fixed Rate Bonds From Leeds Building Society

Leeds Building Society has launched a number of fixed rate bonds that guarantee to pay up to 4% gross per annum.

The new bonds are available for 3 or 5 years and offer full instant access for up to 50% of the capital invested, which is a unique feature in the savings market.

With only a minimum balance of £1000 required, these bonds are therefore accessible for a wide range of savers, looking to achieve a competitive interest rate on their savings.

The three year fixed rate bond provides 3.2% gross/AER for annual interest, reducing to 2.95% gross/AER for interest paid monthly.

The five year fixed rate bond offers an annual rate of 4% gross/AER or 3.75% gross/AER for monthly interest accruals.

Commenting on these new bonds, Kim Rebecchi, Leeds Building Society’s Sales and Marketing Director said, ” We know that simple and straightforward fixed rate accounts are popular and, with the Bank of England Base Rate still at just 0.50%, these products offer excellent value.”

“These bonds combine a good rate of return with the peace of mind associated with access of up to 50% of the initial capital invested, without notice or penalty, at any time. This facility is unique in the market and offers customers the reassurance of having access to a proportion of their capital should they need it over the investment term.