Leeds Building Society has announced today that it is increasing interest rates across a range of its savings products, including the fixed rate ISAs, to offer returns of up to 4.6 percent.
The move comes in an effort to “benefit savers” and impact many of the Society’s existing members, as well as those looking to maximise their savings by moving providers.
From Wednesday, June 7, the key interest rate changes to Leeds Building Society products include:
- One Year Fixed Rate ISA is now 4.52 percent (up from 4.4 percent)
- Two Year Fixed Rate ISA now 4.6 percent (up from 4.4 percent)
- Three Year Fixed Rate ISA now 4.6 percent (up from 4.25 percent)
- Online ISA now 3.75 percent (up from 3.55 percent)
- Online Access Saver now 3.75 percent (up from 3.55).
READ MORE: Bank offers market-leading 5.2 percent interest on monthly savings
Matt Bartle, director of products at Leeds Building Society, commented: “We keep our savings range under constant review and have decided to improve rates to benefit our savers.
“The cost of living crisis has prompted many people to take a more proactive approach to managing their savings, making sure their cash is working as hard as it can for them. These improved rates will be welcomed by many.”
One Year Fixed Rate ISA (Issue 186) – 4.52 percent
Savers can open this account with a minimum deposit of £100 and interest is paid annually on June 30, 2024. Interest can be added to the account, transferred, or paid to another account with the society.
Transfers in of previous ISA funds are permitted, however, withdrawals will be subject to 60 days loss of interest.
Two Year Fixed Rate ISA (Issue 180) – 4.6 percent
Savers can open this account with a minimum deposit of £100 and interest is paid annually on June 30, 2024, and on maturity (June 30, 2025). Interest can be added to the account, transferred, or paid to another account with the society.
Transfers in of previous ISA funds are permitted, however, withdrawals will be subject to 150 days loss of interest.
Three Year Fixed Rate ISA (Issue 140) – 4.6 percent
This account can also be opened with a minimum deposit of £100 and interest is paid annually commencing June 30, 2024, and on maturity (June 30, 2026). Interest can be added to the account, transferred, or paid to another account with the society.
Transfers in of previous ISA funds are permitted, however, withdrawals will be subject to 240 days loss of interest.
Two Year Fixed Rate ISA (Issue 180) – 4.6 percent
Savers can open this account with a minimum deposit of £100 and interest is paid annually on June 30, 2024, and on maturity (June 30, 2025). Interest can be added to the account, transferred, or paid to another account with the society.
Transfers in of previous ISA funds are permitted, however, withdrawals will be subject to 150 days loss of interest.
Three Year Fixed Rate ISA (Issue 140) – 4.6 percent
This account can also be opened with a minimum deposit of £100 and interest is paid annually commencing June 30, 2024, and on maturity (June 30, 2026). Interest can be added to the account, transferred, or paid to another account with the society.
Transfers in of previous ISA funds are permitted, however, withdrawals will be subject to 240 days loss of interest.
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