A straightforward and flexible way to save that lets you make top-ups and withdrawals as you go. This one also allows you to manage your money conveniently online.

Interest rate:


Gross p.a./AER variable.

The maximum balance is £1,000,000 (£2,000,000 for joint accounts) plus accrued interest.

This might be right for you if...

  • You want access to your money at any time
  • You'd prefer to manage your savings online
  • You'd like to top up your savings as you go

Some things to bear in mind...

  • Interest rates can go down as well as up
  • Minimum account balance of £100

Ready to apply?

Before you apply, please read the Summary Box below.

For more information, take a look at our Product Terms & Conditions (PDF), General Terms & Conditions (PDF) and the FSCS Information Sheet (PDF).

Summary Box

Account Name: E-Saver

What is the interest rate?

Annual Interest

2.45% Gross p.a./AER variable.

• If the balance falls below £100, the rate of interest will be 0.05% Gross p.a./AER variable.

• Interest is calculated daily and paid annually on 31 October.

• Interest can be credited to the account or transferred to another building society/bank account or to another account that you have with us.

Gross means the rate of interest payable before income tax has been taken off.

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

Can Leeds Building Society change the interest rate?

The interest rate on this account is variable. This means that we can change the interest rate. For further information on how we can change the interest rate and how much notice we need to provide you with, please see our General Conditions, condition 14 ‘Our right to change interest rates’ and condition 15 ‘Letting you know about changes to interest rates’.

What would the estimated balance be after 12 months based on a £1,000 deposit?

If you deposit £1,000 in your account at the time it is opened and it earns an interest rate of 2.45%, after 12 months you will receive an interest payment of £24.50. The total estimated balance in your account will be £1,024.50. This assumes that:

• You don’t make any further deposits,

• You don’t make any withdrawals and,

• The interest is paid annually and added to the account.

This projection is only an illustration and will depend on your individual circumstances.

How do I open and manage my account?


• The account is available to anyone aged 18 or over who is resident in the UK.

• The account cannot be opened by corporate bodies, trustees, executors, nominees or charities.

• You are only allowed one account per customer.

How to open the account:

• The account can be opened online via our website www.leedsbuildingsociety.co.uk.

• If you currently have an existing Leeds Building Society account it may be possible to transfer your funds, subject to your existing product terms and conditions and the product terms and conditions of this account. Please check with us to see whether this is possible.

Operating the account:

• Minimum operating balance: £100. The minimum operating balance is required to open the account.

• Maximum balance: £1,000,000, £2,000,000 for joint accounts, plus any interest earned and credited to the account.

• The account can only be operated online through our website.

• Cash/cheque deposits are not allowed except for your initial deposit, which may be made by cheque.

• When money is paid into your account, provided the payment is received by us between 7am and 7pm, you will be able to withdraw the funds that day.

• Withdrawals to your Nominated Accounts made before 8pm on a working day will be made available to the payee the next working day. For more information on Nominated Accounts please see the Definitions section in our General Conditions.

Can I withdraw money?

• Unlimited withdrawals can be made to your Nominated Accounts without notice or loss of interest, as long as the minimum operating balance of £100 is maintained.

• If the balance in your account falls below £100, the rate of interest will be 0.05% Gross p.a./AER variable.

• Cash/cheque withdrawals are not allowed.

Additional Information

Account closure:

You can close your account at any time without notice or loss of interest. Interest will be paid immediately and up to the date that your account is closed.


The account may be closed for further deposits at any time. We will give you a minimum of 30 days’ notice in writing and after this you will not be able to deposit any further money.

Tax treatment:

Interest is paid gross, which means before income tax has been taken off. Payment of gross interest does not mean that interest you receive will be exempt from tax. How the tax is treated will depend on your individual circumstances and may be subject to change in the future. It is up to you to take independent tax advice.

Keeping you and your information safe

  • We share the information you provide with fraud prevention agencies
  • They use this information to guard against fraud, money laundering and identity theft
  • If any of these are detected, it may prevent you from applying for selected accounts
  • You can find out more about your data protection rights in our Guide to use of your personal data (PDF)

Continuing with your application lets us know we're okay to use your information this way.

Apply online now

Before you apply, please read the summary box above, our Product Terms & Conditions (PDF), General Terms & Conditions (PDF) and the FSCS Information Sheet (PDF).

Other ways to apply

By post

Looking for something else?

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Protecting your money

Under the Financial Services Compensation Scheme (FSCS), the first £85,000 of your savings is protected.
Find out more