Leeds Building Society has launched a new 1 Year Fixed Rate Bond paying 5.75% AER on balances of £50,000 and above with access, without notice or penalty, to 50% of the amount invested at any time. In addition, there is a monthly interest option providing a return of 5.50% (5.64% AER) for people who require an income.
However, you can invest as little as £100 and will earn 5.50% AER fixed on any balance up to £49,999. The monthly interest option will pay 5.25% (5.38% AER). Maximum investment is £1,000,000.
Meanwhile, the Society is set to extend its 2-Year Fixed Rate Bond, which pays 6.20% AER, until July 31st 2009.
The best buy account, which was launched earlier this month, allows instant access to up to 25% of the funds without notice or penalty at any time; but in the form of only 1 withdrawal. No further withdrawals or closure may be undertaken prior to maturity.
The product also has a monthly interest option paying 6.12% AER (5.95% gross pa) for people who require an income.
Minimum opening balance is £5,000.
15 July 2008 © Moneyextra.com
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