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  Savings Rates
Home > Mercantile > Mercantile Savings Rates

Mercantile Closed Accounts
Interest Rates & Key Product Features

Current variable rates effective as at 1 May 2008
Limited issue rates effective from date shown by product name.
Interest rates are subject to variation.

Bonus 90 (1% annual bonus payable if no withdrawals are made in each calendar year)
Investment
Gross Rate p.a.§ /AER†%
Net Rate^
  
£100,000+
£50,000+
£25,000+
£10,000+
£5,000+
Current
Previous
2.65
2.95
2.45
2.75
2.25
2.55
2.00
2.30
1.50
1.80
Current
Previous
2.12
2.36
1.96
2.20
1.80
2.04
1.60
1.84
1.20
1.44
Investment
Gross Rate p.a.§
Net Rate^
AER†%
  
£100,000+
£50,000+
£25,000+
£10,000+
£5,000+
Current
Previous
2.40
2.70
2.10
2.50
2.00
2.30
1.75
2.05
1.25
1.55
Current
Previous
1.92
2.16
1.76
2.00
1.60
1.84
1.40
1.64
1.00
1.24
Current
Previous
2.43
2.73
2.22
2.53
2.02
2.32
1.76
2.07
1.26
1.56


Premier 60 (issue 2)
Investment
Gross Rate p.a.§ /AER†%
Net Rate^
  
£100,000+
£50,000+
£20,000+
£5,000+
Current
Previous
3.40
3.70
3.15
3.45
2.80
3.10
2.55
2.85
Current
Previous
2.72
2.96
2.52
2.76
2.24
2.48
2.04
2.28
Investment
Gross Rate p.a.§
Net Rate^
AER†%
  
£100,000+
£50,000+
£20,000+
£5,000+
Current
Previous
3.00
3.30
2.75
3.05
2.40
2.70
2.15
2.45
Current
Previous
2.40
2.64
2.20
2.44
1.92
2.16
1.72
1.96
Current
Previous
3.04
3.35
2.78
3.09
2.43
2.73
2.17
2.48


MoneyMaker Plus
Investment
Gross Rate p.a.§ /AER†%
Net Rate^
  
£50,000+
£10,000+
£2,000+
£500+
Current
Previous
2.10
2.40
1.60
1.90
1.20
1.50
1.80
1.10
Current
Previous
1.68
1.92
1.28
1.52
0.96
1.20
0.64
0.88
Investment
Gross Rate p.a.§
Net Rate^
AER†%
  
£50,000+
£10,000+
£2,000+
Current
Previous
1.85
2.15
1.35
1.65
0.95
1.25
Current
Previous
1.48
1.72
1.08
1.32
0.76
1.00
Current
Previous
1.87
2.17
1.36
1.66
0.95
1.26


Young Savers (Interest is paid half yearly)
Investment
Gross Rate p.a.§
Net Rate^
AER†%
  
£1+
Current
Previous
3.80
4.05
Current
Previous
3.04
3.24
Current
Previous
3.84
4.09


Paid Up Shares (Interest is paid half yearly)
Investment
Gross Rate p.a.§ /AER†%
Net Rate^
  
£1+
Current
Previous
0.80
1.10
Current
Previous
0.64
0.88


Savings Shares (1.80% annual bonus payable if 12 regular monthly payments are made and only one withdrawal is made per bonus period.)
Investment
Gross Rate p.a.§ /AER†%
Net Rate^
  
£1+
Current
Previous
0.80
1.10
Current
Previous
0.64
0.88


Regular Savings Bond (includes 3.00% Bonus)
Investment
Gross Rate p.a.§ /AER†%
Net Rate^
  
£1+
Current
Previous
4.75
5.05
Current
Previous
3.80
4.04


Privileged Savers Account (Only available for maturing Regular Savings Bonds. No further investments are allowed)
Investment
Gross Rate p.a.§ /AER†%
Net Rate^
  
£1+
Current
Previous
4.75
5.05
Current
Previous
3.80
4.04


Child Trust Fund (includes 1% bonus payable during first two ‘subscription years’ where additional investments of £250 or more are made in each ‘subscription year’)
Investment
Gross Rate p.a.§ /AER†%
Net Rate^
  
£1+
Current
Previous
6.10
6.40
Current
Previous
-
-


High Yield Bond
Investment
Gross Rate p.a.§ /AER†%
Net Rate^
  
£100,000+
£50,000+
£25,000+
£10,000+
£5,000+
Current
Previous
4.05
4.35
3.55
3.85
3.30
3.60
3.05
3.35
2.55
2.85
Current
Previous
3.24
3.48
2.84
3.08
2.64
2.88
2.44
2.68
2.04
2.28
Investment
Gross Rate p.a.§
Net Rate^
AER†%
  
£50,000+
£20,000+
£10,000+
£2,000+
£500+
Current
Previous
3.80
4.10
3.30
3.60
3.05
3.35
2.80
3.10

2.30

2.60
Current
Previous
3.04
3.28
2.64
2.88
2.44
2.68
2.24
2.48
1.84
2.08
Current
Previous
3.87
4.18
3.35
3.66
3.09
3.40
2.84
3.14
2.32
2.63


Century Shares
Investment
Gross Rate p.a.§ /AER†%
Net Rate^
  
£5,000+
Current
Previous
6.90
7.520
Current
Previous
5.52
5.76
Investment
Gross Rate p.a.§
Net Rate^
AER†%
  
£5,000+
Current
Previous
6.10
6.40
Current
Previous
4.88
5.12
Current
Previous
6.10
6.59


Mercantile Rollover Access
Investment
Gross Rate p.a.§ /AER†%
Net Rate^
  
£3,001+
£1+
Current
Previous
1.55
1.85
0.80
1.310
Current
Previous
1.24
1.48
0.64
0.88


180 Day Shares
Investment
Gross Rate p.a.§ /AER†%
Net Rate^
  
£25,000+
£10,000+
£5,000+
Current
Previous
3.10
3.40
2.40
2.70
2.10
2.40
Current
Previous
2.48
2.72
1.92
2.16
1.68
1.92
Investment
Gross Rate p.a.§
Net Rate^
AER†%
  
£25,000+
£10,000+
£5,000+
Current
Previous
2.90
3.20
2.20
2.50
1.90
2.20
Current
Previous
2.32
2.56
1.76
2.00
1.52
1.76
Current
Previous
2.94
3.25
2.22
2.53
1.92
2.22


Sixty Plus Account
Investment
Gross Rate p.a.§ /AER†%
Net Rate^
  
£30,000+
£25,000+
£10,000+
£5,000+
£1+
Current
Previous
2.50
2.80
2.25
2.55
1.75
2.05
1.25
1.55
0.80
1.10
Current
Previous
2.00
2.24
1.80
2.04
1.40
1.64
1.00
1.24
0.64
0.88
Investment
Gross Rate p.a.§
Net Rate^
AER†%
  
£30,000+
£25,000+
£10,000+
£5,000+
£1+
Current
Previous
2.50
2.80
2.25
2.55
1.75
2.05
1.25
1.55
0.80
1.10
Current
Previous
2.00
2.24
1.80
2.04
1.40
1.64
1.00
1.24
0.64
0.88
Current
Previous
2.53
2.84
2.27
2.58
1.76
2.07
1.26
1.56
0.80
1.11


Mercantile Capital Bond
Investment
Gross Rate p.a.§ /AER†%
Net Rate^
  
£10,000+
Current
Previous
6.65
6.95
Current
Previous
5.32
5.56
Investment
Gross Rate p.a.§
Net Rate^
AER†%
  
£10,000+
Current
Previous
5.85
6.15
Current
Previous
4.68
4.92
Current
Previous
6.01
6.33


Senior Saver
Investment
Gross Rate p.a.§ /AER†%
Net Rate^
  
£1,000+
Current
Previous
4.65
4.95
Current
Previous
3.72
3.96


Mini Cash ISA (including accounts formally called TESSA only ISA)
Investment
Gross Rate p.a.§ /AER†%
Net Rate^
  
£1+
Current
Previous
4.75
5.00
Current
Previous
-
-

Important notes

Interest is paid annually unless stated otherwise. Any changes in variable interest rates will be published in at least two daily national newspapers from the following list: The Times, The Daily Telegraph & Daily Mail.

* AER means Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
§Gross means the rate payable before the deduction of tax.
†Net rates are illustrative only and assume tax at 20%.
# Tax free means that interest payable is exempt from income tax.

Rate details of closed issue fixed rate accounts where the rate is still fixed have not been included in the summary.

Leeds Building Society offers some investment products that may be operated through branches and by post and certain products which can be operated by post only. Leeds Building Society is authorised and regulated by the Financial Services Authority and our FSA registration number is 164992. Your investment is covered by the Financial Services Compensation Scheme. Further details are available on request from the Society.

Leeds Building Society subscribes to the Banking Code, which establishes minimum standards of good banking practice. A copy of the code and further details of our investment products are available
on request from your local branch or our Customer Helpline on 0113 225 7777.

We may monitor and/or record your telephone conversations with the Society to ensure consistent service levels (including staff training).