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New postal account from Leeds BS

New postal account from Leeds BS

Category: Savings

Updated: 17/11/2010
First Published: 17/11/2010

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 It is now over 6 months old so the content may be out of date.

Leeds BS has launched a new postal operated account that should appeal to those looking for a short term home for their savings.

The Fixed Rate Postal Bond is a postal operated account maturing on 31 March 2011 with a minimum investment of £1K paying 2.50% on maturity.

Unlimited penalty free access is allowed and additions are permitted whilst the issue remains open. Customers can apply for the account online.

At 2.50%, it pays a market leading rate for a six month bond and should do well with clients who prefer to transact via the post.

The bond does have the added flexibility of unlimited withdrawals during the term which is a definite plus in these uncertain times.

Four out of five Moneyfacts stars have been awarded.

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