Leeds Building Society is launching a 1-year postal bond paying 5.10 per cent until January 5, 2007.
The minimum investment is 10,000 and is operated by post. Interest will be paid at maturity and withdrawals are not permitted.
Leeds Building Society head of marketing and PR Karen Wint says: At this rate, I expect the account to be very popular and take up will be high. With the increasing interest in pensions and the uncertainty that people are facing, straightforward products like these offer excellent value and security