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Leeds launches savings account for customers above 50 years

Leeds Building Society has launched a new online savings account for customers aged 50 or above, which guarantees to pay bank base rate plus 0.70%, currently 6.45%, until April 30, 2008 with unlimited access at any time, without notice or penalty.

The customers will receive bank base rate plus 0.35% from May 1, 2008 until October 31, 2008, followed by bank base rate until maturity on October 31, 2010.

Karen Wint, head of marketing and PR, said: This is a high interest unlimited access savings account paying a fantastic rate on a balance of only GBP100 up to GBP100,000. There are no restrictions on the amount that can be invested on a monthly basis and no requirement for any linked accounts.

With the combination of a fantastic rate and unlimited access, we expect this limited issue online product to be very popular and I would urge customers to act quickly to avoid disappointment.