Leeds Building Society launches new saving account

Leeds Building Society has launched a new fixed rate bond for people looking for the best savings interest rates.

The new Fixed Rate Bond offers a competitive return of 3.15 per cent gross AER and allows for flexibility as it gives savers the option of withdrawing up to 25 per cent of the invested capital prior to maturity.

Interest is paid annually on the account until maturity at the end of January 2013, though people looking for the best savings interest rates can get interest paid monthly instead.

Kim Rebecchi, Leeds Building Society's sales and marketing director said that this account offers customers the best mix of rates and flexibility.

"A high guaranteed return of 3.15 per cent and penalty free access to 25 per cent of the funds at any time make this a great combination. There is also a monthly interest option available paying 2.90 per cent / 2.94 per cent AER for those investors who require an income," she said.

Meanwhile, Lloyds TSB has today announced changes to its Vantage account which gives savers the chance to get a competitive return of up to 3.00 per cent.

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2011-03-29 12:49:18 © Moneyextra.com