Leeds announces guaranteed savings return

Friday, September 16, 2005

Leeds Building Society has announced that it will be offering a guaranteed rate of returns on its Reward Bond.

Despite the fact that a Bank of England base rate cut is expected at some point in the run-up to Christmas, the Leeds Reward Bond is guaranteed to deliver a five per cent fixed return on all balances.

Head of marketing and PR, Karen Wint, said: "This is a limited issue and we are determined to make it available as long as possible.

"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."

The bond may be opened with a minimum investment of £100, up to a maximum of £5,000.