Leeds Building Society will be the first UK building society to offer Gibraltarians and UK expatriates living in Spain and Gibraltar a range of euro savings accounts.

These accounts combine guaranteed fixed rates with penalty-free access and a simple, straightforward instant-access variable rate account.

Ian Ward, chief executive of Leeds Building Society, says, ‘This represents a significant venture for us and it is a really exciting development. We are delighted to be the first UK building society to enter the euro savings market in Gibraltar and Spain.’

Leeds Building Society opened a branch in Gibraltar in 2002 and, since then, has built up a significant investor base through its branch-based sterling products. The UK’s sixth-largest building society has also offered euro mortgages on the Costa del Sol since September 2005.

Ward continues, ‘We have listened to our customers and designed our new euro savings range to offer market-leading products with fixed rates available over one, two and three years paying up to 3.30 per cent. We know that a high guaranteed return with access is extremely popular in Gibraltar and Spain and we are providing unlimited access to up to 25 per cent of the initial amount invested, without notice or penalty, providing excellent flexibility and peace of mind.'

For more information, visit www.leedsbuildingsociety.com/gibraltar.