Leeds Building Society has increased the interest on its easy access savings and ISA products to offer customers more “competitive” rates.
The mutual’s Limited Issue Online Access ISA will now pay savers an AER of five percent, up from 4.85 percent, while its Limited Issue Online Access Account now offers an AER of 4.95 percent, up from 4.8 percent.
The changes became effective on November 16, 2023. Savings rates for the society’s two-year and three-year fixed rate ISA, bonds, and monthly income bonds, have also been updated.
Matt Bartle, director of products at Leeds Building Society, commented: “We keep our savings range under constant review and have decided to improve rates on a selection of our online products and to reissue our popular two-year and three-year fixed rate savings products.
“Many will be thinking about spending rather than saving as we approach December, yet savers can still take a proactive approach to managing their finances to ensure their cash is working as hard as it can for them.
“These new savings rates are competitive and will be attractive to those who want to reinvest their savings after recently moving off a fixed-term product, and to those who value the certainty fixed rate products can provide”.
Limited Issue Online Access ISA (Issue 66) – 4.95 percent
Leeds Building Society increased the interest of the Limited Issue Online Access ISA from 4.8 percent to 4.95 percent. Interest is paid annually and on maturity (January 4, 2026).
The account can be opened online with a minimum deposit of £1,000 and unlimited withdrawals can be made without notice or loss of interest – provided the deposit does not fall below £1,000. In the instance that it does, interest will reduce to 0.05 percent.
Limited Issue Online Access Account (Issue 52) – five percent
Leeds Building Society increased the interest of the Limited Issue Online Access Account from 4.85 percent to five percent. Interest is paid on maturity (January 5, 2025).
The account can be opened online with a minimum deposit of £1,000 and up to £1million can be invested overall. Unlimited withdrawals can be made without notice or loss of interest – also provided the deposit does not fall below £1,000.
The full list of new interest rates on Leeds Building Society’s fixed savings accounts includes:
Two-year fixed rate savings accounts with new end date of January 4, 2026:
- Two-year Fixed Rate Cash ISA (Issue 188) – 5.1 percent
- Two-year Fixed Rate Bond (Issue 564) – 5.1 percent
- Two-year Fixed Rate Monthly Income Bond (Issue 6) – 5.1 percent.
Three-year fixed rate savings accounts ending January 3, 2027:
- Three-year Fixed Rate Cash ISA (Issue 147) – 4.85 percent
- Three-year Fixed Rate Bond (Issue 565) – 4.85% percent
- Three-year Fixed Rate Monthly Income Bond (Issue 5) – 4.85 percent.
