{"id":43492,"date":"2023-09-25T08:59:18","date_gmt":"2023-09-25T08:59:18","guid":{"rendered":"https:\/\/lethal-industry.com\/?p=43492"},"modified":"2023-09-25T08:59:18","modified_gmt":"2023-09-25T08:59:18","slug":"leeds-building-society-launches-two-extremely-competitive-savings-accounts","status":"publish","type":"post","link":"https:\/\/lethal-industry.com\/world-news\/leeds-building-society-launches-two-extremely-competitive-savings-accounts\/","title":{"rendered":"Leeds Building Society launches two ‘extremely competitive’ savings accounts"},"content":{"rendered":"
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Leeds Building Society has boosted the interest rate on two of its online savings\u00a0products to give savers the \u201cbest return\u201d from their money.<\/p>\n
The Society is now offering an easy access online savings account at 5.1 percent and an online ISA\u00a0at 4.8 percent – both market-leading deals.<\/p>\n
Matt Bartle, director of products at Leeds Building Society, said: \u201cWe are pleased to launch new issues of two of our popular easy access online savings products, providing members with access to their money when it\u2019s needed, at extremely competitive rates.\u201d<\/p>\n
\u201cThese new easy access online savings products will be attractive to those who want to reinvest their savings after recently moving off a fixed-term product, and also those who are looking to get the best return from the money but value the easy access.\u201d<\/p>\n
The weekend marked the one-year anniversary of the mini-budget, which spurred many savers to open one-year fixed accounts, which are now coming to the end of their term.<\/p>\n
READ MORE: <\/strong> Iceland launches new savings scheme to help your Christmas shop go further<\/strong><\/p>\n <\/p>\n The new easy access online savings products will be of particular interest to those who are looking to reinvest their savings after moving off a fixed-term product.<\/p>\n Limited Issue Online Access ISA (Issue 65) – 4.8 percent<\/strong><\/p>\n Boasting a variable rate AER 4.8 percent, this account can be opened and operated online only with a minimum balance of \u00a31,000.<\/p>\n The term is fixed until November 30, 2025 and interest is paid annually and on maturity. Interest can be added to the account, transferred, or paid to another Leeds Building Society account.<\/p>\n Don’t miss… <\/strong> We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info<\/p>\n Offering flexible terms, the account can accept contributions from previous tax year ISAs, allows ongoing deposits, and is open to transfers from other Stocks and Shares ISAs.<\/p>\n Unlimited withdrawals can be made without notice or loss of interest. However, it should be noted the account may be closed for further deposits upon a minimum of 30 days written notice.<\/p>\n Limited Issue Online Access Account (Issue 50):<\/strong><\/p>\n The Limited Issue Online Access Account offers a wariable rate AER 5.1 percent and interest is paid on maturity (December 1, 2024).<\/p>\n The account can only be opened and operated online with a minimum balance of \u00a31,000. Up to \u00a31million can be invested overall – and \u00a32million for joint accounts.<\/p>\n Interest can also be added to the account, transferred, or paid to another Leeds Building Society account.<\/p>\n Unlimited withdrawals can be made without notice or loss of interest and similar to the ISA, the account may also close early for further deposits, but 30 days written notice will be given.<\/p>\n
5.85% savings account could give you an inflation-busting return for years[ANALYSIS] <\/strong>
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‘I’m a savings expert – here’s how you can supercharge your nest egg'[EXPLAINED] <\/strong><\/p>\n