A postal bond that pays 3.05 per cent has been launched by Leeds Building Society to help savers make the most of their cash.
The savings account offers customers the chance to benefit from unlimited withdrawals at anytime and they will not be required to give any notice to do so.
Savers looking to take advantage of the competitive rate, however, only have until the end of October 2012 to do so. From that point on, the return reverts to its underlying variable rate of 2.05 per cent.
Kim Rebecchi, sales and marketing director at Leeds, commented, “This simple, straightforward account speaks for itself. A return of 3.05 per cent, combined with the flexibility of full instant access at any time make this product excellent value.”
She added, “We know from previous accounts with these features that the high rate combined with unlimited access will be very popular and I would urge people to act quickly as this is a strictly limited issue.”
The minimum investment in the account is £5,000, while the maximum stands at £1 million or £2 million for joint accounts.
