Kim Rebecchi, Sales & Marketing Director at Leeds Building Society, believes this account is “an attractive proposition”, with no requirement to hold additional products.
Kim said:
“Some of the Regular Savings accounts currently available from other providers have a requirement to open a current account, and have a monthly salary or pension paid directly into it. Furthermore, 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 Saver account.
“Our Regular Saver has no fixed term so, for example, £250 per month saved for a year and totalling £3,000 can be added to any current Regular Saver balance already accrued. We also provide customers with the peace of mind afforded by 1 withdrawal within each bonus period, in case of an emergency, without notice or affecting the 1.80% bonus. Many of the other products do not allow access to any of the funds during the term of the product.”
