Open a 4% bond with £100 at Leeds

A new bond from Leeds Building Society paying 4% interest can be opened with as little as £100.

The four-year fixed-rate bond was launched alongside a two-year bond paying 3.5% interest.

Both bonds can be opened with a minimum investment of £100 and a maximum of £1,000,000.

Furthermore, both allow savers to withdraw up to 10% of the initial amount invested without notice at any time, penalty free.

Savers can choose to have their interest paid monthly if they require a regular income.

Kim Rebecchi, Leeds director of sales and marketing, said the rates on the bonds are “competitive”.

“In the current economic climate we know that customers are looking for certainty and peace of mind,” she said.

“Both these products deliver exactly that and are ideal in any investment portfolio in the short and medium term.”

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