Back to

Champion result for Leeds Building Society regular savings accounts

Leeds Building Society has been named as Best Regular Savings Account Provider 2015 by Savings Champion.

Savings Champion, which offers UK consumers independent research and advice on cash savings, honoured the Society for its Regular Saver and Flexible Regular Saver accounts in its recent awards.

"It's fantastic news that we've been named as Best Regular Savings Account Provider by Savings Champion," said Kim Rebecchi, Leeds Building Society's Distribution and Marketing Director.

"Both our Regular Saver and Flexible Regular Saver accounts are unusual as they don't have a fixed term so you can keep on saving and continue to receive a competitive return. Most regular savings products on the market have a fixed term, after which the rate tends to become less competitive.

"Offering people a secure home for their savings was part of the reason the Society was set up and this kind of account rewards the habit of regular saving by awarding a bonus to savers who make a deposit every month and limit their withdrawals each year."

Susan Hannums, Director at Savingschampion.co.uk said: "Leeds Building Society has not only offered a regular savings account that appeared on a consistent basis in our hand-picked, independent best buy table throughout the year, it is also available to a wide variety of savers.

"It is rare in the current savings market to find a top paying regular savings account that is not restricted to existing customers or that needs to be opened in a branch only, which is why this award is so well deserved. Leeds Building Society has recognised that a truly best buy account is available to all savers."

Ends

Notes to Editors

Key Features

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.

Regular Saver (Issue 3)

    • 3.05% gross p.a./AER* (variable) including 1.80% conditional bonus (variable)
    • 1.80% bonus payable annually on 31st October provided the saver makes only one single payment of between £50 and £250 each month and makes no more than one withdrawal per bonus period. The bonus period runs from 1st November to 31st October each year.
    • Interest is paid annually on 31st October
    • Interest can be added to the account, transferred or paid to another account with the Society
    • Minimum operating balance £50
    • Minimum monthly payment £50, maximum monthly payment £250 (£250 maximum monthly payment for joint accounts)
    • Available to open and operate in branch or by post.

Flexible Regular Saver

  • 1.50 % gross p.a./AER* (variable) including 0.25% conditional bonus (variable)
  • 0.25% bonus payable annually on 31st October provided the saver makes only one single payment of between £20 and £1,000 each month and makes no more than 12 withdrawals per bonus period. The bonus period runs from 1st November to 31st October each year.
  • Interest is paid annually on 31st October
  • Interest can be added to the account, transferred or paid to another account with the Society
  • Minimum operating balance £20
  • Minimum monthly payment £20, maximum monthly payment £1,000 (£1,000 maximum monthly payment for joint accounts)
  • Available to open and operate in branch or by post.

Leeds Building Society has won four awards for innovation this year, including being named 'Innovator of the Year' at the Moneywise Magazine Mortgage Awards 2014 for its Welcome Mortgage. This allows borrowers to pay 0% interest for the first few months of their term so they can free up cash to help them settle into their new home.

The Society scooped the 'Mortgage Innovation Award' and was named 'Most Innovative Personal Finance Provider' at the Moneynet Personal Finance Awards 2014. It also received the 'Innovation Award (Lenders)' at the Mortgage Finance Gazette Awards 2015 and was named 'Best Intermediary Lender', both for the second consecutive year, in addition to receiving the award for 'Best Use of Technology (Lenders)'.

Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £12.1bn (as at 30 June 2014). The Society has operated from the centre of Leeds since 1886.