Leeds launches guaranteed tracker

LEEDS LAUNCHES GUARANTEED TRACKER

Leeds Building Society has launched a new Direct Bonus Tracker postal account, which will a return equal to the base rate of interest plus a bonus of 0.35 per cent until August 2006.

From August 1st 2006 to August 1st 2007 the bonus will fall to a quarter per cent. After the account is opened additional investments are allowed as long as the limited issue remains open and two penalty free withdrawals are also permitted.

Commenting on the launch, Stuart Fearn, product development manager for Leeds, said: "This account is so popular because of the two excellent guarantees combined with the flexibility of access to the funds.

"With a minimum investment of only £5,000 the Direct Bonus Tracker will be an excellent addition to any investment portfolio.

"The guaranteed return linked to base rate, with the 0.35 per cent bonus for a full 12 months and the peace of mind offered to customers by penalty free access to their money, all combine to make this account outstanding value."

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