Back to March 2015

Popular 1.25% instant access savings account relaunched by Leeds Building Society

Leeds Building Society is relaunching its popular Everyday Saver account, which pays a competitive return of 1.25%.

Everyday Saver – and its online-only equivalent E-Saver – offers investors a simple and straightforward product and can be opened with as little as £100.

Both are available to new savers from Thursday, 2nd April.

“Relaunching Everyday Saver improves the easy access choice in our savings portfolio,” said Kim Rebecchi, Leeds Building Society’s Distribution and Marketing Director.

“It’s a straightforward product with instant access which can be opened and operated through a choice of channels so savers can pick what’s most convenient for their individual needs.”

Everyday Saver can be opened in branch, by post or online and can be operated via branch or post. E-Saver can be opened and operated online only.

Ends

Notes to Editors

Key Features

Everyday Saver

  • 1.25% gross variable rate
  • Minimum Investment £100
  • Maximum investment is £1m (£2m for joint accounts)
  • Interest is paid annually on 31st October
  • Interest can be added to the account, transferred or paid to another account with the Society
  • Unlimited withdrawals can be made without penalty
  • Available to open in branch, by post or online and can be operated via post and branch

E-Saver

  • 1.25% gross variable rate
  • Minimum Investment £100
  • Maximum investment is £1m (£2m for joint accounts)
  • Interest is paid annually on 31st October
  • Interest can be added to the account, transferred or paid to another account with the Society
  • Unlimited withdrawals can be made without penalty
  • Can be opened and operated online only

Leeds Building Society has won four awards for innovation in the past 12 months, 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, and also received the ‘Innovation Award (Lenders)’ at the Mortgage Finance Gazette Awards 2015, in addition to being named ‘Best Intermediary Lender’, both for the second consecutive year, and winning 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 31st December 2014). The Society has operated from the centre of Leeds since 1886.