Online savings account rate increased to 5.30%

Leeds Building Society has increased the interest rate on its Online Saver account to 5.30%. The account, which also guarantees to be at least 5.00% until 1st September 2007, allows unlimited withdrawals without notice or penalty.

Stuart Fearn, Product Development Manager said, "With a minimum operating balance of only £100, unlimited access and a current return of 5.30% (guaranteed to be no less than 5.00%) this account is very attractive, and a great addition to any customers investment portfolio. There is no requirement to open a current account, no short term headline bonuses and it is easy to use, making the account flexible, straightforward and excellent value."