Leeds Building Society has launched a 4-year fixed-rate bond paying 3.6% on a minimum balance of £1,000.
Furthermore, savers have access to up to 25% of the capital at any time, without notice or penalty, and there is also a monthly interest option.
For customers who require an income, the monthly interest version of this bond pays 3.41% AER with all the flexibility of the annual version. Leeds says the account complements its existing 1, 2 and 3-year bonds.
Which? principal business researcher Jo Langenhan said: ‘This account looks like a good deal.
‘Although we don’t do Best Buys for 4-year fixed-term accounts, it does offer a good return and the fact that withdrawals are permitted [25% of capital] makes it even better.’
Fixed rate savings
If you can lock away your money for a fixed period, you could get a better return on your money.
See our Best Buy 1 year fixed rate savings accounts for details on the top paying accounts at the moment.
It’s worth remembering, however, that if variable interest rates increase, you could be tied in to an uncompetitive rate, so think carefully before tying your money up for a fixed term.
Also see our guide to keeping your savings safe for more investment advice.
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