Free £5 when you open a savings account (north of England)

epm-84

Pick up a Northern Rail spring/summer magazine from a train station, library, tourist information centre or travel centre. Visit a Leeds Building Society branch and open any savings account show them the advert on page 19 (original not photocopy) deposit £10 and receive £5 free. It states to ask your local Leeds Building Society branch for T&Cs.

epm-84

Forgot to say that the magazine is free.

lorweld

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Loughton_Monkey

To invest my Cash ISA at 1.5%, I'd want rather more than a £5 incentive!

vart400

How much is £5 worth now!

I doubt if you'd get much change when you buy a packet of crisps!

dtsazza

Loughton_Monkey wrote: »

To invest my Cash ISA at 1.5%, I'd want rather more than a £5 incentive!

Ouch, yeah - if it's an ISA then definitely not worth it.

Break-even point vs. even a 3% ISA would be a paltry £370 over a year (including the free £5 and the interest on that).

I suppose if you were only going to put £100 or so in an ISA, this would pay an effective interest of ~6.5%. But anything much above that, and the free fiver will be eclipsed by the multiple tenners they're taking from you in below-par interest.