Leeds improves guaranteed bond

 

LEEDS IMPROVES GUARANTEED BOND
Article date: 22/09/2005 : 16:49:29

Leeds Building Society has increased the maximum permitted balance on its Leeds Reward Bond to £10,000 for individuals, and £20,000 for joint accounts.

According to a statement form the building society extra funding for the bond has been secured allowing this change to be made in accordance with the members' wishes.

Karen Wint, head of Marketing & PR at Leeds Building Society, said: "We have seen huge interest in this bond and our members have asked for a higher maximum operating balance. Following this feedback, we have managed to secure extra funding which has enabled us to double the maximum balance allowed in this market leading bond.

"Clearly customers are attracted to the five per cent guaranteed return and, even though we have obtained more funds, it is impossible to know how long we can keep the product available given the current level of demand."

The minimum balance for the account remains at £100 and withdrawals are not permitted before maturity on March 1st 2007.
 
 
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