Bonus for Regular Savers with Leeds
Anyone with a regular savings habit can enjoy a competitive return of 2.30% if they put away money every month with Leeds Building Society.
The Society has launched Regular Saver (Issue 4), which can be opened in branch, by post or online.
The return of 2.30% includes a 1.80% bonus, payable if one single deposit of at least £50 is made into the account every month.
Up to £250 can be added to the account each month, up to a maximum investment of £6,000.
“As a building society, it’s important to us to support a culture of regular saving,” said Richard Fearon, Leeds Building Society’s Chief Commercial Officer.
“We were created to help people save and have the home they want and this account rewards monthly deposits with a bonus to encourage savers to keep up a longer-term habit of putting away money every month.
“Unlike comparable products, our Regular Saver offers a higher return without the requirement to hold other accounts with us, and it can be opened online.”
Interest is paid annually on 31st August and a maximum of one withdrawal is permitted in each bonus period.
Notes to Editors
Regular Saver (Issue 4)
- 30% gross/AER, including a 1.80% bonus, paid annually on 31st August (starting 31st August 2017)
- Minimum investment £50
- Maximum investment is £6,000 (£6,000 for joint accounts)
- Interest must be credited to the account
- One withdrawal permitted per bonus period, any further withdrawals in that period result in loss of bonus
- Available to open in branch, by post and online
- Can be operated in branch or by post.
Leeds Building Society won the awards for Best Building Society Savings Provider and Innovation in Personal Finance (Part and part mortgages) at the 2016 Moneyfacts Awards.
The Society received the ‘Innovation Award (Lenders)’ at the Mortgage Finance Gazette Awards 2016, the third consecutive year it has won this category, as well as the award for ‘Product Innovation (Lenders)’.
The Society also has been named ‘Best Regular Savings Account Provider’ for the second consecutive year by independent consumer advice website Savings Champion.
Leeds Building Society has 65 branches throughout the UK, Gibraltar and Ireland and assets of £14.9bn (at 30th June 2016). The Society has operated from the centre of Leeds since 1886.