Instant access account hits record levels

Leeds Building Society has seen a large uplift in both the number of new accounts and balances on its instant access Albion Cheque account currently paying up to 2.50%, which is five times Bank Base Rate (BBR).

Kim Rebecchi, Director of Sales & Marketing said, "We have seen record numbers of new accounts opened in the last few months as BBR has reduced. Clearly, an account paying such competitive returns in this current rate environment with unlimited withdrawals at any time, without notice or penalty, is proving very attractive.

"The Albion Cheque Account is also as easy to open as it is to operate. You can open the account with a deposit of £2,500 either by post or at your local Leeds Building Society branch, and with tiered interest rates the higher the balance, the higher the interest rate received. Even at the lowest level of investment, customers will receive more than three times BBR and there are no short term bonuses on the account.

"I would thoroughly recommend the Leeds Building Society Albion Cheque account because it offers security in an uncertain climate and is straightforward with no catches. We are delighted to offer our customers free banking, and no matter how many transactions are made by cheque, standing order or direct debit, customers are not charged for the day to day operation of their account. Investors simply cannot lose."

Customers will receive monthly statements by post, a cheque book and £250 cheque guarantee card on opening.

For more information, leedsbuildingsociety.co.uk