Leeds raises bond balance

Thursday, September 22, 2005

Leeds Building Society has announced that it is increasing the maximum balance on its Leeds Reward Bond.

The market leading account is now available to customers up to a limit of £10,000 or £20,000 for joint accounts.

The society has moved to increase the limit from the original £5,000 or £10,000 for joint accounts as a result of feedback from existing customers.

Head of marketing and PR, Karen Wint, 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."