The new branch-based account pays 6.50% AER and allows one withdrawal of up to 50% of the initial amount invested, without notice or penalty, at any time. The bond requires a minimum investment of GBP5,000 and also offers a monthly interest option paying 6.44% AER. Additional investments can also be made while the issue remains open.
Karen Wint, head of marketing & PR for Leeds Building Society, said: This is another product in our range that offers a fixed rate of return, combined with the flexibility of access to some of the funds, without notice or penalty. This unique combination of guaranteed rate and access has proved popular with many customers and they can now invest for two or three years at the same rate – it’s their choice.
