Leeds launches fixed-rate bonds offering great rates

Leeds Building Society has a new range of three and five-year fixed-rate bonds offering some of the most competitive savings interest rates on the market.

People looking to invest in the bonds will be interested to hear that they pay up to four per cent and 4.5 per cent respectively.

Unlike many fixed-rate bonds on the market Leeds' new bonds allow customers access to 25 per cent of their money without notice or penalty at any time.

Kim Rebecchi, Leeds Building Society's sales and marketing director, said: "These new fixed rate bonds, with interest paid annually or monthly, offer a combination of value and flexibility."

She added that savers can benefit from great rates with the peace of mind that they can access some of their money without notice or penalty.

Both the three and five-year bond pay a significantly higher rate than the current Bank of England base rate of 0.5 per cent and offer some of the best savings rates on the market.

The Bank of England's Monetary Policy Committee is due to meet in early January to make a decision on whether or not the base rate should be changed.
 

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2010-12-24 10:03:46 © Moneyextra.com