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Leek United ISA one of country's most consistent |
Date: 30/10/2007 |
| A LEEK United savings product has been rated as one of the country’s best and most consistent for th... | |
Leek United ISA one of country's most consistent |
Date: 30/10/2007 |
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A LEEK United savings product has been rated as one of the country’s best and most consistent for the returns made on it by investors during the last three years. The Society’s Mini Cash ISA has been placed among the national ‘Most Consistent Accounts’ after its performance was measured over 18 and 36 months periods by leading UK independent financial researcher Moneyfacts*. Performance of the ISAs (Individual Savings Accounts) was based on a maximum investment of £3,000. In the last 18 months, Leek United’s product gained total gross interest of £242.10, putting it in the top six. Over 36 months, the same Mini Cash ISA returned total gross interest of £483.33, placing it among the top five. Keith Brightmore, the Society’s Savings and Insurance Manager, said: “In today’s ever-changing marketplace, customers are looking for solid, consistent and reliable products, and that is precisely what these statistics show. “From a saver’s point of view, our Mini-Cash ISA has the added advantage of being a ‘no strings’, instant access product, whereas several of those rated just above us have conditions – such as a notice period for withdrawals – attached to them. “We are absolutely delighted that a Leek United product is continuing to prove itself so well, particularly in the face of strong competition from many of the larger financial institutions.” In a previous survey last year, the Society’s same Mini-Cash ISA was rated in the top 20 of 168 savings products assessed by Moneyfacts, following its yearly performance. Leek United has previously been ranked by Moneyfacts as the country’s number one Tessa (Tax-Exempt Special Savings Account) provider (2004), and has featured regularly in national newspapers’ ‘Best Buy’ sections for the quality of its financial products. As a mutual building society, Leek United has been looking after the financial interests of customers since 1862, and has branches in Staffordshire, Cheshire, Derbyshire and Shropshire. * Source: Moneyfacts.co.uk. Figures compiled on basis of interest earned on £3,000 by 1 October 2007. |
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