Leeds Building Society

retiree

There has been some favourable comment in the press concerning Leeds Building Society’s upcoming increase in several interest rates, but the sting in the tail is that some others, like e-saver, are having their interest slashed from 1% to just 0.6%. It is odd that this cut is being notified by post rather than e-mail – even for internet accounts.

EachPenny

I cannot say I'm especially excited about a promise to increase rates to at least 0.5%. I'd expect a mutual to do far better than that.

Rates of 1% and above are available in-branch or online from high street names - even for easy access to (effectively) unlimited deposits.

I used to be very impressed by Leeds, but in the last year or so I've come to the view that they are little different to the average high street bank.