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Leeds Building Society launches new fixed rate bonds
A financier has added to its range of fixed bonds deals.
People looking for savings accounts such as fixed rate bonds in the near future might be interested in a new deal being offered by one financier.
Leeds Building Society has announced the re-introduction of its fixed bonds product available via mail, which offers a guaranteed gross per annum return of 2.5 per cent, as well as giving customers the freedom and flexibility to access their funds at any time without any notice or penalty for doing so.
The package is available to both new and existing customers and Kim Rebecchi, sales and marketing director at the lender, revealed it had been launched again at the same rate due to the "excellent response" it received from consumers.
Ms Rebecchi added that the potential of securing a guaranteed fixed return of two per cent higher than the Bank of England base rate will be "extremely popular" with savers.
This comes after Santander last week (December 2nd 2010) announced the launch of a new range of fixed rate bonds products.
Consumers searching for a competitive home credit deal such as a tracker mortgage may be inclined to consider a new product launched by Leeds Building Society earlier this week (December 6th 2010).
This came after the financier announced the introduction of a three-year fixed rate mortgage with a rate of 3.45 per cent, which could be ideal for those people seeking stability who are unwilling to risk a package that tracks the Bank of England base rate in these uncertain financial times.
This figure of 3.45 per cent is available up to a loan-to-value rate (LTV) of 75 per cent, while the lender has also created products with rates of 3.89 per cent and 5.29 per cent, which can be taken along with LTVs of 80 and 85 per cent respectively.
Meanwhile, the financier recently also launched a new range of fixed rate bonds packages offering annual returns of 2.5 per cent.
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UK Price Comparison website Which4U - Compare Credit Cards, ISAs, Bank Accounts, Fixed Rate Bonds, Business Accounts, Mortgages, Insurance, TV & Broadband and Gas/Electric bills to find the best UK deals
A closed box has a fixed surface area A and a square base with side x. (a)find formula for volume, V, as?
a function of x. (b) find the maximum value of V
The area of the top and bottom is 2x². The area of the four sides is 4xh where h is the height. Thus:
2x² + 4xh = A
4xh = A - 2x²
h = A/(4x) - x/2
The volume is the area of the base times the height:
V = x²h
V = x² * (A/(4x) - x/2)
V = Ax/4 - x³/2
To maximize, take the derivative and set to 0:
V' = A/4 - 3x²/2 = 0
3x²/2 = A/4
x² = A/6
x = √(A/6)
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