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Smart Saver

Rates correct as at 21 AUG 2018

Get the rate you'll love and access you need.
If you’d like to watch your money grow and enjoy access to your savings, take a look at our Smart Saver account…

  • Save any amount between £5,000 and £250,000
  • Earn as much as 1.10% Gross p.a./AER (variable) depending on your balance
  • Access your savings up to five times a year
  • Open your account online, in-branch or by post, whichever’s best for you.

For balances between £5,000 and £24,999.99:


0.90% Gross p.a./AER(variable)

For balances between £25,000 and £49,999.99:


1.00% Gross p.a./AER(variable)

For balances between £50,000 and £250,000:


1.10% Gross p.a./AER(variable)

The maximum balance is £250,000 (joint accounts also) including accrued interest. If the balance exceeds £250,000 the interest rate that shall apply to the whole balance will be 0.50% Grossp.a/AER (variable).

Account NameSmart Saver
What is the interest rate?Annual Interest

For balances between £5,000 and £24,999.99:
0.90% Gross p.a./AER (variable)

For balances between £25,000 and £49,999.99:
1.00% Gross p.a./AER (variable)

For balances between £50,000 and £250,000:
1.10% Gross p.a./AER (variable)

The maximum amount you can invest is £250,000 (joint accounts also) including accrued interest. If the balance exceeds £250,000 the interest rate that shall apply to the whole balance will be 0.50% Grossp.a/AER (variable).

If the balance falls below £5,000, the rate of interest which shall apply is 0.05% Gross p.a./AER (variable).

Interest is calculated daily and paid annually on 30 September (commencing 30 September 2019). Interest can be credited to the account or transferred to another building society/bank account or to another account held with the Society.
Can Leeds Building Society change the interest rate?Yes, the interest rate is variable. This means that we have the ability to change the interest rate. Please see conditions 14 and 15 of the General Conditions for further details.
What would the estimated balance be after 12 months based on a £5,000, £25,000, £50,000 and £250,000.01 deposit?If £5,000 is deposited into the account on 1 October and no further deposits or withdrawals are made, then based on an interest rate of 0.90% you will receive a £45.00 interest payment after 12 months, giving an overall account balance of £5,045.

If £25,000 is deposited into the account on 1 October and no further deposits or withdrawals are made, then based on an interest rate of 1.00% you will receive a £250.00 interest payment after 12 months, giving an overall balance of £25,250.

If £50,000 is deposited into the account on 1 October and no further deposits or withdrawals are made, then based on an interest rate of 1.10% you will receive a £550.00 interest payment after 12 months, giving an overall balance of £50,550.

If £250,000.01 is deposited into the account on 1 October and no further deposits or withdrawals are made then based on a rate of 0.50% you will receive a £1,250.00 interest payment after 12 months, giving an overall balance of £251,250.01.

These projections are provided for illustrative purposes only and will depend on the individual circumstances of each customer.
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 cannot be opened by corporate bodies, trustees, executors, nominees or charities.

The account can be opened through any of our branches, via our website or by post. Minimum operating balance: £5,000.

Maximum balance: £250,000 (joint accounts also) including interest credited to the account.

The account can be operated in branch or by post. You will also be able to carry out some operations by telephone and online, where you have registered for online services.
Can I withdraw money?Access is limited to 5 withdrawals per calendar year (including account closure) without notice or loss of interest, subject to the minimum balance of £5,000 being maintained.

If you exceed this number of withdrawals, the account will be subject to 30 days’ loss of interest or an equivalent amount on the amount withdrawn.

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.

The account may be closed to further deposits upon a minimum of 30 days’ written notice.

Information correct as at 21 August 2018.
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The Summary Box sets out only the key information, for full details please read our

Your savings are also protected by the FSCS. For details please read our FSCS Information Sheet (PDF)

Before you apply, please make sure you read the Summary Box, Product Terms and Conditions and General Conditions in full.Apply in BranchApply by PostApply Online

Alternate ways to apply

Visit your local branch and our friendly staff will help you to open your account.

Download your savings application pack to apply by post.