Leeds Building Society launches instant access savings account

Leeds Building Society has launched a brand new postal base rate tracker bond, offering its customers some of the best savings rates on the market.

The account will provide a guaranteed savings interest rate of the Bank of England base rate plus two per cent currently 2.5 per cent for a year.

Leeds will also provide customers with the option to access the savings at any time without notice or penalty, which means savers can withdraw their money should something unexpected crop up.

Kim Rebecchi, Leeds Building society's sales and marketing director, said that many experts in the financial markets expect the base rate to increase from 0.5 per cent to 1.25 per cent by the end of the year.

She added: "Leeds Building Society's new postal base rate tracker bond provides customers the opportunity to take advantage of any increases, as the account is guaranteed to track the Base Rate plus 2 per cent for a year."

The first HSBC Savings Map of Britain recently revealed that Brits are looking to be more ambitious with their money saving plans in 2011.
 

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2011-01-21 15:43:45 © Moneyextra.com