Leeds Building Society

JaymesKenin_2

Are offering 5% for a 5 year fixed term bond. £100 - £1000 investment & 25% withdrawal of capital allowed.

Walked past the branch today and opened one up for myself and my OH, while £1000 isn't loads it's something to look forward to!

alanq

Over the years Leeds BS has a long record of offering these sort of deals. Usually they offer below top rates for fixed term but with some access (I have accounts with 10%-50% access). 5% interest fixed for 5 years seems a good deal. If I have done my sums correctly that works out at the equivalent of 3% on one quarter of the funds in an instant access account +5.67% on three-quarters of the funds in an inaccessible 5-year bond.

However, for some people 100% access with loss of interest may be preferable to having three-quarters of their funds inaccessible for 5 years.

ses6jwg

Spotted this in my local branch maximum of 1k means its quite restrictive however I am going to dump £1k of my 4 year olds savings into it hopefully they can be opened in trust.

ses6jwg

Just wanted to confirm that this CAN be opened in trust I just bunged £1k out of my 4 year olds crappy 1.5% passbook account into it, registered R85.

VT82

I don't have any other accounts with them, or a branch convenient for me, so it's not worth the hassle of setting up for such a small balance and getting a load of paperwork to get redirected when I inevitably move house.

Even if I was tempted, it's a weird sort of loss leader - admin (cost) heavy for them, for miniscule balances that won't boost their liquidity, and allowing access so they will have to hold liquidity against it, and at an expensive best buy rate. I'm guessing it's just to encourage footfall into branches, and get more new customer details to cross-sell to.