Leeds & Holbeck Building Society Gibraltar has launched a bond that has a rate of 5% and a savings a...
Leeds & Holbeck Building Society Gibraltar has launched a bond that has a rate of 5% and a savings account with a rate of 5.5%, despite the market predicting a fall in base rates.
The Two Year Fixed Rate Bond has a minimum investment of £5,000 with access being available on up to 50% of the amount invested without notice or penalty.
The Regular Saver account offers a return of 5.5% if investors are willing to commit as little as £20 per month. It is aimed at customers who are unable to invest an initial lump sum. The product also allows one penalty-free withdrawal in the bonus period.
Sally Butcher, Gibraltar operations manager at Leeds & Holbeck Building Society, said: "With market rates predicting a fall in base rate, this bond extension offers excellent guaranteed value combined with access to half the fund invested, without notice or penalty. The Regular Saver also provides an excellent return for customers who cannot invest a lump sum."
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