Leeds Building Society increases rates on fixed rate savings products – up to 4.45% | Personal Finance | Finance

Accounts are not allowed to withdraw money till the day after maturity.

For example, if someone opts for a 5-year fixed rate bond, the account will mature on January 3, 2028 at midnight.

People will be able to access their money only after January 3, 2028 and deposit only till December 31, 2022.

A fixed rate bond may be perfect for people who want a fixed interest rate and have a lump sum to deposit.

Assuming £1,000 is deposited when opening the account, without withdrawals, savers will earn £243.20 in interest at the end of the term on January 3, 2028.

read more: Inheritance tax: A ‘common risk’ costing you thousands – steps to avoid it

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