Leeds BS 7% Regular saver wef 12/9/05

Hobo_2

Formerly Leeds & Holbeck, name change also on 12/9/05, source Moneyfacts but no min/max defined.
Current regular saver is £20-£500 12 payments one withdrawl allowed pa

shropslad

Info on this states that you can only save between £25-100 per month or £200 if it is a joint account

isasmurf

This is a monthly saver. I assume the current regular saver will remain.
From moneyfacts:
7% Fixed. 1 year term. 12 consecutive payments. no withdrawals.

Walletwatch

Isn't the regular saver a better bet though - it has a variable rate of 5% and a bonus of 3%? Or have I got it wrong?

djblamire

Walletwatch wrote:

Isn't the regular saver a better bet though - it has a variable rate of 5% and a bonus of 3%? Or have I got it wrong?

No, I think the 5% includes the bonus.

Daniel

Robert_Sterling_3

In the PR language of Banks and Building Societies a "Bonus" is a bad thing.
It could more correctly be called a "Penalty"

e.g.

If you keep strictly to the conditions of a Regular Savers account which pays 5% including a bonus of 3% then you will get 5% interest.

If you break the terms of the account you will get 2%.

Now suppose the account paid 5% including a bonus of 4%.
If you keep to the terms you will get 5%
If you break the terms you will get 1%.

So the bigger the included bonus the more you may suffer.