Leeds launches 5% bond

LEEDS LAUNCHES 5% BOND

Article date: 16/09/2005 : 15:17:39

The Leeds building society has announced the launch of the Leeds Reward Bond, which guarantees investors a return of five per cent.

Despite many market analysts predicting a further interest rate drop before Christmas the new Leeds bond offers all investors a five per cent return on balances between £100 and £5,000 until March 1st 2007.

According to Leeds' head of marketing and PR, Karen Wint, the interest rate, copupled with the fact that a rate drop is expected over the coming months makes the product a market leader.

"This is a limited issue and we are determined to make it available as long as possible,2 continued Ms Wint. "However, a product paying such an attractive return will prove extremely popular in any portfolio. With a maturity date of 1 March 2007, investors also have sufficient time to take advantage of the tax year-end.

"With a minimum opening balance of £100 - you don't have to be wealthy to benefit from this great rate. The bond can be operated through any of our branches, which also brings the benefits of our professional, friendly service. Every time a customer drops into a branch we'll be happy to give them advice on the account."



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