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4 Year Income Bond (Issue 45)

Rates correct as at 16 JUL 2019

Looking for a fixed rate savings account that will pay interest on a monthly basis? The 4 Year Income Bond (Issue 45) from Leeds Building Society could be just what you need!

Interest rate:

1.80% Gross p.a.

1.81% AER† (fixed)

Fixed until 03 September 2023

Account Name4 Year Income Bond (Issue 45)
What is the interest rate?Monthly Interest
1.80% Gross p.a. / 1.81% AER fixed until 03 September 2023.

If the balance falls below £100, the rate of interest that shall apply is 0.05% Grossp.a. / AER (variable).

Interest is calculated daily and paid monthly on the last working day of the month and on maturity (03 September 2023). Depending on when in the month your account is funded, you may not receive your first interest payment until the last working day of the following month.

Monthly interest must be transferred to either another building society/bank account or to another account held with the Society.
Can Leeds Building Society change the interest rate?No – the rate of interest won’t change during the fixed rate period subject to the minimum balance of £100 being maintained.
What would the estimated balance be after 48 months based on a £1000 deposit?Assuming that £1,000 is deposited into the account at the time it is opened and no deposits or withdrawals are made then based on an interest rate of 1.80% you will receive an interest payment of £1.50 on the last working day of each month.

In accordance with the Product Terms and Conditions, the monthly interest payment of £1.50 must be paid away and can't be paid into the account therefore the overall account balance at the end of the term will be £1,000.

This projection is 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: £100.

Maximum balance: £1,000,000 (£2,000,000 for joint accounts).

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?No withdrawals are permitted until the day after maturity (04 September 2023).

The account will mature at midnight on 03 September 2023. On the day after maturity (04 September 2023), your funds (including interest) will be automatically transferred to an instant access maturity account, unless you provide alternative instructions. Full details including terms and conditions will be provided before maturity.
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 is limited issue. Once the account is open, you can make deposits up to and including 31 August 2019. After this date the account may be closed for further deposits at any time and without notice.

Information correct as at 16 July 2019.
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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 Branch >Apply by Post >Apply 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.