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Leeds launches options bond with NU

Leeds Building Society has launched a new product paying 9 per cent, investing 60 per cent in Norwich Union’s portfolio and 40 per cent in the Leeds options bond.

The bond is designed to offer potential stock market growth combined with guaranteed interest.

It has a minimum investment in the NU part of £5,000, so customers can benefit from potential stock market growth on this and invest up to £3,333 in the Leeds options bond.

Head of financial services Trevor Garside says: “This product is ideal for customers looking for opportunities to benefit from stock market based investment returns whilst retaining guarantees of capital return, combined with the opportunity to earn up to 9 per cent until April 30, 2008.

“The NU portfolio offers a choice of investment funds, including the guaranteed fund, which invests in a mix of assets.

“The bond also allows one withdrawal or closure without notice or loss of interest, so customers also have the peace of mind of access to their funds if and when they need it.”

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