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  5 Year Fixed Rate Escalator ISA
Home > Savings > Our Savings Range > 5 Year Fixed Rate Escalator Bond

5 Year Fixed Rate Escalator Bond
(Issue 2)

If you want to save – and also want to enjoy the reassurance of guaranteed returns – a Leeds Building Society 5 Year Fixed Rate Escalator Bond (Issue 2) may be just what you’re looking for. It’s a refreshingly simple savings account with great rates and efficient service from Leeds Building Society.

Summary Box
Key Product Information for our Savings Account(s)
Account Name 5 Year Fixed Rate Escalator Bond (Issue 2)
Interest Rates (AERs) See the "How much interest will I earn?" table below.
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.
Conditions for bonus payment There is no bonus available on this account.
Withdrawal arrangements You can make withdrawals of up to 50% of your capital investment without notice or loss of interest prior to maturity (30 November 2013), subject to the minimum balance of £1,000 being maintained.
Access Account can be opened and operated through any of our branches or by post.

How much interest will I earn?

Annual Interest % Gross§ p.a./(Fixed) Overall interest rate over 5 year term
Year 1 - From date of account opening until 30/11/09 5.20

5.70%
Gross§/AER† (Fixed)

Year 2 - From 01/12/09 until 30/11/10 5.40
Year 3 - From 01/12/10 until 30/11/11 5.60
Year 4 - From 01/12/11 until 30/11/12 5.80
Year 5 - From 01/12/12 until 30/11/13 6.50
Monthly Interest % Gross§ (Fixed) Overall interest rate over 5 year yerm
Year 1 - From date of account opening until 30/11/09 4.95 5.45%
Gross§/AER† (Fixed)
Year 2 - From 01/12/09 until 30/11/10 5.15
Year 3 - From 01/12/10 until 30/11/11 5.35
Year 4 - From 01/12/11 until 30/11/12 5.55
Year 5 - From 01/12/12 until 30/11/13 6.25
Interest rates effective from 12 May 2008

Other Product Features:

Minimum and maximum investment and operating balance
The minimum investment is £1,000 and the maximum investment is £1,000,000 (£2,000,000 for joint accounts).

When is interest paid?
 Interest is paid annually on 30 November (commencing 30 November 2009) and on maturity (30 November 2013), or monthly interest is paid on the last working day of the month.

How is interest paid?
Annual 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.
Monthly interest must be transferred either to another building society/bank account or to another account held with the Society.

What happens to my investment at maturity?
The 5 Year Fixed Rate Escalator Bond will mature at close of business on 30 November 2013. On the day after maturity (1 December 2013), the Society will transfer your investment (including interest) to a maturity product. Full details, including terms and conditions, will be provided before maturity.

Apply by Post

Important notes

§ Gross means the rate payable before the deduction of income tax.

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

Leeds Building Society is a member of the Building Societies’ Association. The Society is a participant in the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. Payments under the Scheme are limited to a maximum payment of £50,000 of an investor's total shares and/or deposits in a society. Most investors are covered, including individuals and small firms. A small number of categories of shares and deposits are not covered, for example deferred shares – permanent interest bearing shares. Although most shares and deposits are denominated in sterling, all other currencies are covered. Further details are available on request from the Society.

The Society is covered by the Financial Ombudsman Service. The Society subscribes to and undertakes to comply with the Banking Code, which establishes minimum standards of good banking practice. A copy of the Code and further details of our investment products are available on request from your local branch or our Customer Helpline on 0113 225 7777. We may monitor and/or record your telephone conversation with the Society to ensure consistent service levels (including staff training).

The Society offers some investment products that may be operated through branches and by post and certain products which can be operated by post only.

Leeds Building Society is authorised and regulated by the Financial Services Authority and our registration number is 164992.

Other taxes or costs may exist that are not paid by Leeds Building Society.