Leek United Building Society is an independent mutual building society based in Leek, Staffordshire. It is the 16th largest building society in the UK, based on total assets of £1,091.4m. It offers a range of financial services including mortgages, savings products, insurance and financial planning.
Leek United’s Cash ISA is a tax-free savings account, which means interest payable is exempt from UK income tax. The variable interest rate is 0.50% AER. You can save from £10 up to £20,000 in tax year 2020/2021. There is easy access to your savings. Transfers from other providers accepted. This product is open to all UK residents over the age of 16 years.
1 Year Fixed Rate, Fixed Term Cash ISA
As well as variable Cash ISAs, Leek United also have a 1 Year Fixed Rate, Fixed Term Cash ISA. This is also a tax-free savings account. However the interest rate is fixed until the ISA maturity date, at a rate is 0.45% AER. The account must be opened with a minimum deposit of at least £1,000. Withdrawal of funds will only be permitted in exceptional circumstances and at the discretion of the Society.
2 Year Fixed Rate, Fixed Term Cash ISA
Similar to the above, this Cash ISA has a fixed interest rate of 2 years and a better interest rate of 0.55% AER.
Junior Cash ISA
Leek United’s Junior Cash ISA is designed to help provide a helping hand for children when they reach the age of 18. You can save from £10 up to £9,000, tax-free. It has a favourable variable rate of interest of 1.75% AER. Withdrawals and closure are not allowed until the named child reaches 18 or in the case of terminal illness or death. Transfers from Child Trust Funds accepted. This account is open to all UK residents up to the age of 18 years.
As well as ISA, Leek United Building Society offer a range of related financial services including mortgages, savings products, insurance and financial planning.
Leek United Building Society Reviews and Ratings
At the time of writing there is currently only one online review for Leek United Building Society. The customer was not particularly complementary of the company, noting that their savings account interest rates are not competitive, and that incorrect information was given which has caused many problems for him.
Trustpilot – 3.4/5 (based on 1 review)
- A range of fixed and variable rate Cash ISAs
- Secure online signup in minutes
- A clear, easy-to-understand website
- Useful online help guides
- A long 150 year heritage
- Protected by the Financial Services Compensation Scheme (FSCS)
- Cash ISAs only
- Stocks and Shares, Lifetime ISAs and other ISA products not offered
- Limited online tools and downloadable resources
- A lack of online customer reviews and product feedback
- Reports of incorrect information being given to customers
Website: Leek United Building Society