Leeds and Holbeck Building Society is offering a new three year fixed rate bond paying 7 per cent a year.
The new product is available this week with a minimum investment of £100. The maximum investment is £250,000.
For monthly interest rate of 6.75 per cent is offered, and one penalty free emergency withdrawal of up to 25 per cent of the balance. The consumer faces a 180 days' interest penalty on subsequent withdrawals.
Leeds and Holbeck operations director Chris Radford says: “This bond offers and excellent fixed rate for medium term savings with the peace of mind that your funds will be accessible in an emergency.”