3 Year Fixed Rate Bond (Issue 607)

With a Fixed Rate Bond, your money is put aside for a set period. During this time, your rate of interest will not change, so you always know where you stand.

Interest rate:

3.85%

Gross^‡ p.a./AER^† fixed until 5 January 2028.

The term is fixed until 5 January 2028

This might be right for you if...

You'd like a fixed rate of interest
You have a lump sum to deposit

Some things to bear in mind...

You can only access your money after 5 January 2028
Deposits can only be made up to 31 December 2024
Minimum operating balance of £100

Ready to apply?

Before you apply, please read the Summary Box below.

For more information, take a look at our Product Terms & Conditions (PDF), General Terms & Conditions (PDF) and the FSCS Information Sheet (PDF).

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Summary Box

Account Name: 3 Year Fixed Rate Bond (Issue 607)

What is the interest rate?

Annual Interest

3.85% Gross^‡ p.a./AER^† fixed until 5 January 2028.

• If the balance falls below £100, the rate of interest will be 0.05% Gross^‡ p.a./AER^† variable.

• Interest is calculated daily and paid annually on 5 January (commencing 5 January 2026) and on maturity 5 January 2028.

• Interest can be credited to the account or transferred to another building society/bank account or to another account that you have with us.

^‡Gross means the rate of interest payable before tax has been taken off.

^†AER stands for Annual Equivalent Rate and this is what the interest rate would be if interest was paid and added each year.

Can Leeds Building Society change the interest rate?

The interest rate on this account is fixed, this means the interest rate paid on your account won’t change during the fixed rate term subject to the minimum balance of £100 being in your account.

What would the estimated balance be after 36 months based on a £1,000 deposit?

If you deposit £1,000 in your account at the time it is opened and it earns an interest rate of 3.85%, after 36 months you will receive an interest payment of £120. This will be paid at the end of the fixed term and the total estimated balance in your account will be £1,120. This assumes that:

• You don’t make any further deposits,

• You don’t make any withdrawals and,

• The interest is paid annually and added to the account.

This projection is only an illustration and will depend on your individual circumstances.

How do I open and manage my account?

Eligibility:

• 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.

• You are only allowed one account per customer.

How to open the account:

• The account can be opened through any of our branches, via our website www.leedsbuildingsociety.co.uk or by post.

• If you currently have an existing Leeds Building Society account you may be able to transfer your funds, subject to your existing product terms and conditions and the product terms and conditions of this account. Please check with us to see whether this is possible.

Operating the account:

• Minimum operating balance: £100. The minimum operating balance is required to open the account.

• Maximum operating balance: £1,000,000, £2,000,000 for joint accounts, plus any interest earned and 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.

• Where the account is operated by post, the Society will aim to deal with all transactions within two working days of receiving a request. We can’t be held responsible for delays due to unforeseen circumstances and postal delays.

Can I withdraw money?

Withdrawals:

No withdrawals are allowed until the day after maturity (6 January 2028).

Maturity:

The account will mature at midnight on 5 January 2028. On the day after maturity (6 January 2028), 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 Information

Account closure:

You can’t close your account until the day after maturity (6 January 2028).

Deposits:

The account is limited issue. Once the account is open, you can make deposits up to and including 31 December 2024.

Tax treatment:

Interest is paid gross, which means before the income tax has been taken off. Payment of gross interest does not mean that interest you receive will be exempt from tax. How the tax is treated will depend on your individual circumstances and may change in the future. It is your responsibility to take independent tax advice.

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If any of these are detected, it may prevent you from applying for selected accounts
You can find out more about your data protection rights in our Guide to use of your personal data (PDF)

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