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Savings & Investments
Young Investor 5 Year Fixed Rate Bond (Issue 4)
Leeds Building Society believes that young savers should be given the best start and with the Young Investor 5 Year Fixed Rate Bond (Issue 4) we offer a straightforward investment with the security of a fixed rate.
You’ll earn a competitive rate of interest, fixed until maturity. You can invest any amount you like between £100 and £1,000,000.
Also, the account couldn’t be easier to run – you can simply operate it through your local branch or by post.
Please note: this fixed rate account is a limited issue and may be withdrawn without notice. Additional funds may be invested whilst the issue remains open for further investment.
| Summary Box Key Product Information for our Savings Account(s) |
|
|---|---|
| Account Name | Young Investor 5 Year Fixed Rate Bond (Issue 4) |
| Interest Rates (AERs) | 3.35% Gross§ p.a./AER† (Fixed) |
| Tax Status | The gross rate(s) of interest shown will be payable net of the appropriate rate of income tax (which may be reclaimed by non-taxpayers) or, subject to the required certification, gross. The tax treatment depends on the individual circumstances of each customer and may be subject to change in the future. |
| Conditions for bonus payment | There is no bonus available on this account. |
| Withdrawal arrangements | All Account holders - Access is limited to withdrawals of up to 25%
of your capital investment without notice or loss of interest prior to maturity (28 February 2017) subject to the
minimum balance of £100 being maintained. Closure of the account or further withdrawals are not permitted
until the day after maturity (1 March 2017). Account holders aged 12 to 17 - In addition to the withdrawal restrictions applicable to all account holders, one withdrawal a week of up to £250 may be made and must be signed for by the account holder, subject to the minimum operating balance of £100 being maintained. Withdrawals over £250 and additional withdrawals in a week must be signed for by both the account holder and the authorised signatory. Access is limited to withdrawals of up to 25% of your capital investment as detailed above. Account holders under 12 - In addition to the withdrawal restrictions applicable to all account holders, all withdrawals must be signed for by the authorised signatory. Once the account holder becomes 18 the authorised signatories will be removed. |
| Access | Account can be opened and operated through any of our branches, or by post. |
Rates correct as at 3 February 2012.
Other Product Features:
Minimum and maximum investment and operating balance:
The minimum investment and operating balance is £100 and the maximum investment and operating balance is £1,000,000.
When is interest paid?
Interest is paid annually on 28 February (commencing 28 February 2013) and on maturity (28 February 2017), provided any such account is in the name of the account holder.
How is interest paid?
Interest can either be credited to the account or transferred either to another building society/bank account or to another account held with the Society.
What happens to my investment at maturity?
The Young Investor 5 Year Fixed Rate Bond (Issue 4) will mature at close of business on 28 February 2017. On the day after maturity (1 March 2017), the Society will transfer your investment (including interest) to a maturity account. Full details including terms and conditions will be provided before maturity.
