This comparison simply includes all savings accounts.
Leeds Building Society Fixed Rate Bonds
Why we like it: Interest paid annually. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older
Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)
Why we like it: Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older
Why we like it: Interest calculated monthly. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must retain a minimum balance of £20,000 in the account. Must be UK resident and be aged 18 or older
Why we like it: All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Which? Recommended Savings Provider. Unlimited withdrawals subject to 14 days notice. Must be UK resident. Must be aged 18 or older. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: The interest rate tracks the Bank of England (BoE) Base Rate. Interest is calculated on the minimum daily balance and applied to the account on the first day of every subsequent month. Open and manage account online. Your eligible deposits are protected up to £85,000 by the Financial Services Compensation Scheme. The maximum deposit you may pay into any one OakNorth Account is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with OakNorth Bank across multiple accounts is also £500,000. Unlimited withdrawals, subject to 95 days notice. Available to individuals, aged 18 or over, who are UK residents
Why we like it: Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must be aged 18 or older and have a UK address. Must have a linked UK current account
Why we like it: 3 penalty-free withdrawals in a 12 month period. 3.82% AER (variable tracker) + 0.68% AER 12 month boost. 3.75% gross variable tracker. Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. After 3 withdrawals within a 12 month period the rate will revert to either 3.40% AER (variable tracker with boost applied) or 2.72% AER (variable tracker) for the remainder of the 12 month period since opening the account. Must be UK resident. Must be aged 18 or older
Why we like it: 9 month term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected
Why we like it: Interest paid on maturity. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must have a UK residential address and be aged 18 or older. No withdrawals permitted
Why we like it: 1 year term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected
Is a Leeds Building Society fixed rate bond right for you?
It can be difficult to know how to get the best return on your savings, especially with so many different savings products on the market. A savings account will usually give the best rates of interest on small sums of money.
It should be noted that savings accounts usually have a fairly low cut off point above which interest is not paid or will have a maximum balance that you can have in the account at one time.
Fixed rate bonds offer a guaranteed rate of interest until the bond matures and are usually offered over 1 year, 2 years, 3 years or 5 years. The longer the term of the bond, the better return you will usually get.
Once you place your funds into a fixed rate bond, you will normally not be able to access it until the bond matures. However, some providers will allow you to take money out before this in exchange for a financial penalty (usually in the form of lost interest payments).
Fixed rate bonds can help your savings retain their value relative to inflation and you will usually see the real world worth of your money increase over the life of the bond. Because you can keep your existing current account, a fixed rate bond should not impact on your regular banking.
Why choose a Leeds Building Society fixed rate bond?
Leeds Building Society is the fifth largest building society in the UK. Their fixed rate bonds offer the following key advantages:
- Minimum deposit of £100
- Maximum deposit of £1million
- Interest can be paid monthly, annually or on maturity depending on the specific bond
- Accounts can be managed by post or in branch
Restrictions
Fixed rate bonds from Leeds Building Society are offered with the following condition:
- No early withdrawals are permitted
Compare Leeds Building Society fixed rate bonds
Right now, Leeds Building Society offer a range of fixed rate bonds over 1-4 years. If you are looking to invest for a longer period or are hoping to find a better rate of return, you may want to take a look at alternate providers including Aldermore.
Getting the best deal on fixed rate bonds
The exact products different institutions offer and the details of those products, such as interest rates, change all the time. This is due to shifts in the market and changing consumer demand. Keeping track of which brands and products are currently offering the best deal for you can, therefore, be a challenge.
Our fixed rate bond comparison table, above, allows you to quickly and easily compare the most attractive deals on the market to make your life easier. We keep these offers updated all the time to reflect the best value products we can find.
When choosing a fixed rate bond, it is important to be clear about your own expectations for the return you want to achieve and your existing and likely future financial commitments. Doing this should help to ensure that you end up making a decision that works for you long term.
