Easy access
Leeds Building Society Savings accounts and rates
Leeds Building Society offers a broad range of savings accounts with interest rates up to 6.25%.
No reviews yet.
Write a review
Leeds Building Society is one of the largest financial services providers in the UK. It has more than 719,000 customers across the UK, and all together they hold £9.9 billion in savings balances. It now offers a variety of saving plans, mortgages, life planning and insurance services.
Easy access savings accounts
Table: sorted by interest rate
Leeds Building Society's best easy access rate of 6.25% is slightly lower than today's market-best rate of 7.49%.
Compare more instant and easy access accounts up to 7.49%
Cash ISAs
Table: sorted by interest rate
Leeds Building Society's best cash ISA rate of 4.75% is very slightly lower than today's market-best rate of 5.16%.
Compare more ISAs up to 5.16%
Fixed-rate bonds
Table: sorted by interest rate
Leeds Building Society's best fixed-rate bond rate of 4.6% is slightly lower than today's market-best rate of 5.25%.
Regular savings accounts
Table: sorted by interest rate
Leeds Building Society's best regular savings account rate of 5.25% is lower than today's market-best rate of 7.49%.
Compare more regular savings accounts up to 7.49%
What is Leeds Building Society's best savings account with the highest interest rate?
The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Leeds Building Society offers, plus the highest interest rate currently available.
| Savings account types include | Easy access, cash ISAs, fixed-rate bonds, regular savers |
|---|---|
| Best easy access rate | 6.25% |
| Best cash ISA rate | 4.75% |
| Best fixed-rate bond rate | 4.6% |
| Best regular saver rate | 5.25% |
| Fixed bond terms | 1 year 1 month - 3 years 1 month |
| Opening options | Branch, website, post |
| FSCS protection |
What is a 'account maturity'?
A fixed term savings account is one that pays interest at a fixed rate for a set amount of time, for example 2% for two years. After this time, the product comes to an end and you will no longer receive the interest rate that you have previously been receiving on your investment. When this happens it is called a ‘maturity’.
Is it easy to switch to Leeds Building Society?
Leeds Building Society make it very easy for customers to switch their savings accounts. With Leeds, you can open an account in branch, by post, over the phone or on the website.
All you need is a proof of ID and address, and the minimum deposit to open an account.
How do I decide which account is for me?
You need to work out what it is you need from your bank account. Are you looking to put a bit of money away each month? Do you want to put some money away and restrict access to it? Are you after rewards or hoping to maximise interest?
You need to work out what you need before comparing the different offers available for certain types of bank account. Once you’ve done that, useful guidelines to compare include:
- Interest rates
- Fees (if there are any)
- Access to cash (if you need quick access for instance)
- Rewards and loyalty schemes (if you’re into the add-ons or switching bonuses)
Does Leeds Building Society Offer online or mobile banking?
Yes. When you open an account you’ll be provided with credentials to log into your account. You can also open online savings accounts that can only be opened and operated online.
Here are some of the basic features of Leeds Building Society’s online banking service:
- View rates and current balances for all of your accounts
- View and print a transaction statement at any time.
- Request withdrawals or transfers between your accounts
- Open another account
- Set a savings goal to help you work towards a target
What is a 'building society'?
A building society is a financial institution owned by its members. They are called building societies because they were originally created in order to lend money for buying and improving properties. They offer banking, and related financial services, including mortgages and savings.
Whereas banks are normally listed on the stock market and run for their shareholders, building societies aren’t. Because they don’t have shareholders to pay, building societies have historically claimed to offer better interest and cheaper mortgage rates than banks.
Pros and cons of banking with Leeds Building Society?
Pros
- Better interest rates. Building societies don’t have shareholders to pay, and have usually claimed to offer better interest rates than banks.
- Flexibility. Leeds Building Society’s variety of accounts offers flexible options no matter what kind of savings you’re looking for.
- FSCS protection. With Leeds Building Society you have peace of mind that comes from knowing your money is protected up to a total of £85,000 by the UK’s deposit guarantee scheme.
- High street presence.If you like the assurance of a physical presence and prefer face-to-face customer service there are a number of physical branches in the UK.
Cons
- Customer service. Leeds Building Society’s customer service has had mixed reviews online. While reviews have a tendency to be anecdotal, it’s something to keep in mind.
Customer service information for Leeds Building Society
| Email support | |
|---|---|
| Telephone support | |
| In-app or live chat | |
| Contact form | |
| Branch support |
Bottom line
Leeds Building Society savings accounts range from easy access and ISAs, to fixed term and savings for children, so you should be able to find one that suits your needs.
Be sure to check out our other reviews first, though, to see how Leeds Building Society’s accounts weigh up against the competition in terms of rates, fees and perks.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
More guides on Finder
-
Women-led firms lag behind in startup funding despite equality drive
The gulf between the amounts received by men vs women from government-backed startup loans has widened, despite calls for more funding for women entrepreneurs.
-
Kroo vs Monzo: Which is the best?
We take a closer look at two of the digital banking brands leading the way in the UK. Compare Kroo and Monzo in our side by side guide.
-
How to buy Rubrik (RBRK) shares when it goes public
Everything we know about the Rubrik IPO, plus information on how to buy shares.
-
Problems in the growth pipeline? The female startup funding gap
Is the UK leaving £250 billion in growth on the table? Our free report shows how female entrepreneurs aren’t getting the same startup funding as men.
-
Robinhood statistics 2024: Users, revenue and growth
We look at the latest statistics on global trading app Robinhood, including the number of users, revenue and profitability.
-
Financial adviser vs coach: Who to talk to about your money
From financial advisers to accountants – if you need help with your personal finances, here’s who to talk to about what.
-
Best ways to invest £20k
Discover how you can build wealth by investing £20,000 and explore some of the top strategies for investing your money.
-
Zing review: An international money transfers app from HSBC
The multi-currency account could be a cost-effective option for anyone who is going abroad, provided you don’t plan to withdraw lots of cash.
-
What is a good salary in London?
According to the latest figures, a single person living in London would need a gross salary of £37,000 to be financially stable.
-
1 in 4 Brits plan to open an ISA in the new tax year
More than 13 million Brits plan to open an ISA after the new financial year starts on 6 April, according to a new Finder survey.
My 2-year fixed rate is due to mature on the 3rd of January. What can you offer me?
Hi Pearl,
Thanks for getting in touch with finder. I hope all is well with you. :)
If you’re referring to Leeds Building Society, you may check the items mentioned under the subheading, “What savings accounts does Leeds Building Society offer?” found above.
If you’re looking for other bank accounts, you may go to this page. On that page, you will see a table that allows you to conveniently compare your options based on their features and details. Once you found the right one for you, click on the “Go to site” green button to learn more or initiate your application.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua