Leeds Building Society announces "unique" savings bond

The product enables unlimited access to 50 per cent of funds anytime without incurring a penalty.

Leeds Building Society announced "unique" two-year fixed rate bonds" yesterday (October 6th) that tracks the Bank Base Rate (BBR) plus an additional 1.75 per cent - and is currently at 2.25 per cent.

The organisation came to the conclusion that its product - through which people have unlimited access to 50 per cent of funds at any time without incurring a penalty - is exclusive after looking at the other fixed rate bonds" available.

Kim Rebecchi, Leeds Building Society's sales and marketing director, said the deal offers the best of both worlds for customers.

She added: "This tracker offers an excellent rate combined with the flexibility of unlimited access to half of the funds at any time, without notice or penalty."

This comes after the company launched a Leeds Building Society ISA on the same day.

The two-year tracker product also has unlimited access to 50 per cent of funds anytime without penalty and follows BBR up to an extra 1.8 per cent from its current 2.3 per cent.

Meanwhile, Santander has introduced several new fixed bonds products.

Anyone looking to compare savings" on fixed rate bonds may be interested in a new range of Santander savings" products.

The financier yesterday (October 4th) announced the launch of four fixed bonds" packages, which are designed to offer consumers both choice and flexibility with their personal finance options in the aftermath of the recession.

Under the terms of these offers, customers can access two accounts which are fixed for 15 months and another pair that are set for a two-year period. For example, the first of these 15-month offers involves an annual gross rate (AGR) of 2.75 per cent and a monthly gross rate (MGR) of 2.72 per cent.

Meanwhile, one of the two-year deals - which has been placed in the £10,000 tier by the lender - has an AGR of 3.5 per cent and an MGR of 3.45 per cent.

These packages come shortly after Barclays announced the introduction of several new fixed bonds products.

Additional articles about fixed rate bonds

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