In recent news, Leeds Building Society announced its decision to continue to provide its London current account offering, meaning that UK consumers that are located in the City may soon have renewed interest in the product from the banking provider.
In news that could very well be of interest to consumers currently in possesion of a savings account, the financial services provider has made the decision to extend the offer of its London Instant Access current account, which carries a yearly rate of 2.55 per cent and is only available from the Big Smoke branch of the building society.
The current account package – advertised as a flexible option for savers since it provides instant access to account holders’ cash day or night and additionally has only a £100 minimum deposit required to open the account – was initially billed as a limited time offer when the building society launched it several months ago.
However, Leeds Building Society marketing and sales director Kim Rebecchi recently issued a statement in which she commented on the re-evaluation of the current account offer, stating that since it had not only exceeded the bank’s expectations in regards to its performance, the offering had proven its popularity with customers, resulting in the building society deciding to extend the offering.
In related news, recently released findings from a Barclays research study brought to light the fact that the majority of adult Londoners make it a habit of overestimating their current account balances by £91.62 on average, which can result in savers having to resort to alternative sources of funding when their cash unexpectedly runs out at any given moment.
In order to avoid such a fate, industry experts recommend savers to carefully monitor their balances several times a week before making any purchases.