HomeNewsSavings Leeds Building Society commended as High Street Savings Provider of the Year Published: 22/02/2021 Share
Leeds Building Society was commended for High Street Savings Provider of the Year at the Moneyfacts Consumer Awards 2021.
Analysts at Moneyfacts reviewed the savings products of different financial providers in the high street to create a shortlist. These then went forward to a public vote to decide the winners, highly commended and commended brands.
Savings accounts from Leeds Building Society
Leeds Building Society has been helping people save for more than 145 years. The Society offers a range of savings products including cash ISAs, easy access, children’s and online accounts, as well as a range of terms for fixed rate bonds. Customers can open and manage Leeds Building Society savings accounts in a range of ways, including online, by post and in branch.
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The best finance providers in the country have been revealed at the 2021 Moneyfacts Consumer Awards.
Winners of the 2021 Moneyfacts Consumer Awards were chosen through a combination of consumer feedback via the Moneyfacts.co.uk survey and industry experts and the winners were announced yesterday evening via a digital social-media event that was updated live on Twitter, Facebook and LinkedIn.
During the evening, Yorkshire Building Society picked up the award for High Street Savings Provider of the Year, while the award for ISA Provider of the Year went to Charter Savings Bank, which also picked up the award for Online Savings Provider of the Year.
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A combination of Bank of England base rate cuts, a new funding for lending scheme and the ongoing economic uncertainty has resulted in saving rates falling to historic lows during 2020. It is clear that it has been a disappointing year for many savers, but, although we cannot predict the future, it is hoped that 2021 will see some signs of recovery.
Below we have highlighted some of the banks that savers should watch during 2021.
The up and coming challenger banks
Despite the economic uncertainty, a number of banks launched savings products for the first time this year. Of these, JN Bank and DF Capital offered some of the most competitive rates in both the easy access and fixed rate bond charts.