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Leeds launches 4.3% three-year bond

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by David Masters

Leeds Building Society has launched a new three-year fixed-rate bond paying interest at 4.3% gross pa/AER.

Savers can open the bond with an investment of between £1,000 and £1,000,000.

Interest on the bond is fixed until August 2012, and is paid annually at 4.3%. Interest can also be paid monthly at 4.05% gross pa/4.11% AER.

Up to 10% of the invested capital can be withdrawn at any time without notice or penalty.

Leeds said the bond is “very attractive” in today’s low-interest rate environment.

“In the current economic climate we know that peace of mind is a key factor in any investor’s decision and this bond delivers exactly that, with a competitive guaranteed return and flexibility,” said Kim Rebecchi, Leeds director of sales and marketing.

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Story link: Leeds launches 4.3% three-year bond

News posted: September 1, 2009

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