Market-leading 5-year bonds from Leeds BS | Product News - Moneyfacts

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Market-leading 5-year bonds from Leeds BS

Market-leading 5-year bonds from Leeds BS

Category: Savings
Date: 04/09/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

A savings review by Leeds Building Society has seen it increase five-year bond rates by up to 0.75% as well as launch chart-topping five-year ISAs.

The basics…

The five-year fixed Rate Access Bond Issue 1 now pays a market-leading 2.75% yearly. Savers will also benefit from the ISA version of this account – Access ISA Issue 1 paying the same rate.

At the same time as increasing rates on its Access Bonds, Leeds BS also launched a chart-topping 5 Year No Access Bond paying 3.00% yearly. Again there is an ISA version paying the same top rate.

The finer details…

For the Access account, savers must invest a minimum of £100 up to a maximum of £1 million. Penalty-free withdrawals of up to 25% of the capital invested are permitted prior to maturity. For the Access ISA, savers must invest a minimum of £1.

As the name suggests, the No Access account paying 3.00% doesn't allow early access or fund withdrawals. Again savers must invest a minimum of £100 up to a maximum of £1 million. For the No Access ISA, savers must invest a minimum of £1.

Why we like it…

This savings review from Leeds BS sees it launch two market-leading options for savers looking for a long-term bond.

Investors who know they will not need early access to funds will benefit from the chart-topping five-year option paying 3.00%, while those looking for some flexibility can choose the 2.75% option.

Four Moneyfacts Stars have been awarded.

What Next?

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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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