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Jul 27, 2006
Leeds
Building Society has introduced a one-year options bond in which the investment
is divided between a deposit-based fixed-rate account and a stock market-linked
investment.
For
this instrument, Leeds allows a minimum
investment of £100 and a maximum of £250,000. The society allows one withdrawal
to be made without notice or loss of interest during the term as long as the
minimum operating balance is maintained. Interest is paid upon the maturity
date which is July 1, 2007.
About 60 percent of the bond proceeds are invested in Norwich Union's
portfolio, which offers a choice of investment funds, while the remaining 40
percent is invested in a Leeds Building Society deposit account paying up to 9
percent.
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