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Leeds launches new postal bond paying 5.00 per cent

Leeds Building Society is launching a 2-year fixed rate postal bond paying a return of 5.00 per cent.

It was available from December 28, 2005 and will allow instant access to all the funds without notice, giving a guaranteed rate of 4.00 per cent.

Leeds product development manager Stuart Fearn says: “This postal bond offers an unusual combination of a guaranteed return of 5.00 per cent with the flexibility of access to all the funds, if required, at a slightly lower rate.

“From the outset, customers have the peace of mind provided by a product that gives rate guarantees. Therefore, with or without access, customers know they will receive a highly competitive return.”

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