Back to October 2018

Leeds Building Society opens new branch in Edinburgh

Leeds Building Society, the UK’s fifth largest, has expanded its operation in Scotland with the addition of a new branch in Edinburgh, the Society’s third premises in Scotland.

Located on Lothian Road in the financial district, it grows the Society’s UK branch network to 54 and adds to existing Scottish branches in Aberdeen and Glasgow, as well as creating seven new jobs in the city.

Richard Fearon, Deputy Chief Executive Officer at Leeds Building Society, said: “We’ve invested a great deal of time and effort to identify the best location for our newest branch. Our opening in Edinburgh adds to the choice available to savers on the high street and brings another mutual to the city.

“We’ve also created seven additional jobs and our presence in Edinburgh further strengthens our position in Scotland.

“Our Scottish members already include savers and borrowers in and around the city and we know how important face-to-face service is to customers, so expanding our physical presence in the city is a positive move for our business and members alike.

“We’re looking forward to welcoming existing and new customers at our Edinburgh branch so they can experience our high standard of service first hand.”

Customers visiting the branch will be able to take advantage of two exclusive products, including:

  • Edinburgh instant access account with a variable rate of 1.16%
  • Five year fixed rate ISA with a rate of 2.05% tax-freepa/AER*

Ends

Notes to Editors

Leeds Building Society colleagues outside of the new Edinburgh branch

Tax-free means that interest payable is exempt from income tax.

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

Key features

Exclusive Edinburgh instant access account

  • 1.16% variable rate
  • Minimum investment £100
  • Maximum investment is £50,000
  • Interest is calculated daily and paid on maturity (5 January 2020)
  • Interest can be credited to the account, transferred to another building society/bank account or to another account held with the Society.
  • Withdrawals/transfers are permitted without notice or loss of interest
  • Can be opened through the Edinburgh branch of Leeds Building Society

Five year fixed rate ISA

  • 2.05% tax-freepa/AER* ISA
  • Minimum investment £100
  • Maximum investment is £20,000 in 2018/19, plus previous years’ ISA subscriptions
  • Interest is calculated daily and paid annually on 3 December (commencing on 3 December 2019) and on maturity (3 December 2023).
  • Interest can be credited to the account, transferred to another building society/bank account or to another account held with the Society.
  • No withdrawals are permitted. If withdrawal restrictions are broken a penalty of 365 days loss of interest applied
  • Can be opened and operated in branch, online or by post

 

Leeds Building Society was named Best Building Society Savings Provider in the Moneyfacts Awards for 2018, having also won this title in 2016 and 2017.

Leeds Building Society is the UK’s fifth largest building society, operates 54 branches in the UK and has assets of £19.5bn at 30 June (£17.3bn at 30 June 2017). The Society’s head office has been based in the centre of Leeds since 1886.