Leeds Building Society has increased interest in its easy access savings and ISA products to offer customers more “competitive” rates.
The joint company’s Limited Issue Online Access ISA will pay an AER of five per cent, up from 4.85 per cent, while its Limited Issue Online Access Account now pays an AER of 4.95 per cent, up from 4.8 per cent.
The changes came into force on 16 November 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, product director at Leeds Building Society, said: “We continually review our range of savings and have decided to improve rates on a selection of our online products and reissue our popular two and three year fixed rate savings. products.
“Many will be thinking about spending rather than saving as we approach December, but savers can take a proactive approach to managing their finances to ensure their money is working as hard as possible to them.
“These new savings rates are competitive and will appeal to those looking to reinvest their savings after recently moving from a fixed term product, and to those who value the certainty that fixed rate products can provide to provide fixed”.
Online Access ISA Limited Issue (Issue 66) – 4.95 per cent
Leeds Building Society has increased the interest of the Limited Issue Online Access ISA from 4.8 per cent to 4.95 per cent. Interest is paid annually and at 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. Where it does, interest will be reduced to 0.05 per cent.
Limited Issue Online Access Account (Issue 52) – five percent
Leeds Building Society has increased its Limited Issue Online Access Account interest from 4.85 per cent to five per cent. Interest is paid at maturity (January 5, 2025).
The account can be opened online with a minimum deposit of £1,000 and up to £1 million can be invested in total. Unlimited withdrawals can be made without notice or loss of interest – as long as the deposit does not fall below £1,000.
The full list of new interest rates on Leeds Building Society fixed savings accounts includes:
Two-year fixed-rate savings accounts with a new closing date of January 4, 2026:
- Two Year Fixed Rate Cash ISA (Issue 188) – 5.1 per cent
- Two-year Fixed Rate Bond (Issue 564) – 5.1 percent
- Two Year Fixed Rate Monthly Income Bond (Issue 6) – 5.1 per cent.
Three-year fixed rate savings accounts ending January 3, 2027:
- Three Year Fixed Rate Cash ISA (Issue 147) – 4.85 per cent
- Three Year Fixed Rate Bond (Issue 565) – 4.85% percent
- Three Year Fixed Rate Monthly Income Bond (Issue 5) – 4.85 per cent.
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