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RegularSaver (Issue 4)

Rates correct as at 2 SEP 2016

We all have something special we want to save for. The RegularSaver (Issue 4) has no fixed term and could be a great way to save.

Interest rate:

0.50% Gross p.a./AER(variable)
excluding 1.80% conditional bonus (variable)

+ 1.80% conditional bonus (variable) =
2.30Gross p.a./AER (variable)

Account NameRegularSaver (Issue 4)
What is the interest rate?Annual Interest 0.50% Grossp.a./AER(variable) excluding 1.80% conditional bonus

2.30% Grossp.a./AER(variable) including 1.80% conditional bonus provided that during the bonus period (which runs annually from 1 September to 31 August):

1. you make one single payment to the account of between £50 and £250 each month;

2. your account balance does not exceed £6,000 (excluding accrued interest); and

3. you only make one withdrawal during the bonus period.

If the account balance falls below £50, the basic investment rate of interest which is currently 0.05% Grossp.a./AER(variable) shall apply.

Interest (and bonus payment where entitled) is calculated daily and paid to the account annually on 31 August.
Can Leeds Building society change the interest rate?Yes. Please see conditions 13 and 14 of the General Investment Conditions which provide details as to when and how we can change the interest rate.
What would the estimated balance be after 12 months based on a £250 deposit?If you open an account on 1 September, deposit £250 per month for 12 months (£3,000 in total) and meet all other bonus conditions, then based on an interest rate of 2.30% you will receive an interest/bonus payment of £37.48 after 12 months, giving an overall account balance of £3,037.48.

If you deposit £250 in the first month and do not make further deposits in subsequent months then based on an interest rate of 0.50% you will receive an interest payment of £1.25 after 12 months, giving an overall account balance of £251.25.
How do I open and manage my account?The account is available to individuals aged 18 or over who are resident in the UK.

The account can be opened through any of our branches, via our website or by post.

The account cannot be opened with a deposit exceeding £250.

Minimum operating balance and monthly payment: £50.

Maximum monthly payment: £250 (£250 for joint accounts also).

Maximum account balance: £6,000 (£6,000 for joint accounts also), excluding accrued interest.

Instructions regarding the operation of the account can be provided in branch, in writing by post or by telephone (although we may request that telephone instructions are also provided in writing).
Can I withdraw money?Access is limited to one withdrawal of your capital investment during the bonus period, without notice or loss of interest and subject to the minimum operating balance of £50 being maintained.

If further withdrawals are required you will not qualify for a bonus in respect of that period.

You can withdraw up to a maximum of £300 in cash in branch each day. If you require more than this amount (up to a maximum of £1,000) you will need to provide the Society with 48 hours’ notice.
Additional InformationInterest is paid gross, without the deduction of income tax. Payment of gross interest does not mean that interest you receive is exempt from tax. The tax treatment depends on the individual circumstances of each customer and may be subject to change in the future. It is your responsibility to seek independent tax advice.
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The above provides a summary of the account only. Please make sure you read the full product terms and conditions so you fully understand how the account operates before you apply.

View Key Features/Product Terms & Conditions (PDF)

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