Simple and straightforward Regular Saver for all

Leeds Building Society’s Regular Saver allows customers to benefit from a fantastic rate of 5.40% gross p.a./AER by investing as little as £20 per month.

For customers wishing to save more, the Society recently increased the maximum monthly investment to £1,000.

Karen Wint, Head of Marketing & PR at Leeds Building Society, believes this simple and straightforward account is "an attractive proposition" , with no requirement for additional products and the ability to earn this great rate on the accumulated balance.

Karen said, "There are currently Regular Savings accounts available with high headline rates from many providers. However, there is often a requirement to open a current account and have a monthly salary or income of at least £1,000 paid directly into it.

"The Leeds Building Society Regular Saver has no such requirement. In addition, many of the high headline rate accounts run for a set period of 12 months, and then the accumulated savings are transferred into an instant access savings account, paying substantially less than the Regular Savings account.

"Our Regular Saver has no fixed term, so for example, £1000 per month saved for a year and totalling £12,000 can be added to any current Regular Saver balance already accrued. Many of the Regular Savings accounts on the market have a maximum monthly investment of £500 at the highest, and in most instances £250, so the increase in our maximum monthly subscription to £1,000 offers customers the opportunity to save more and earn more.

"We also provide customers the peace of mind afforded by 1 withdrawal every 12 months, in case of an emergency, without notice or affecting the 3% bonus. Many of the other products do not allow access to any of the funds during the term of the product."