Leeds Building Society

A no nonsense cheque account with high interest & free banking

The Albion Cheque Account from Leeds Building Society is a straightforward account, offering a great rate of interest coupled with free banking (provided your account remains in credit) - and you get easy access to your money with the cheque book and £250 cheque guarantee card*.

Summary Box Key Product Information for our Savings Account(s)
Account Name	Albion Cheque
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	Unlimited withdrawals without notice or loss of interest. Direct Debit, standing order and bank transfers are available. Cash transactions are not available on this account.
Access	Account can be opened and operated through any of our branches or by post.

How much interest will I earn?

Other Product Features:

Minimum and maximum investment and operating balance
The minimum investment is £2,500 and the maximum investment is £1,000,000 (£2,000,000 for joint accounts).

When is interest paid?
Interest is paid annually on 1 June.

How is interest paid?
Interest is credited to the account.

Open an account and earn interest straight away
The Albion Cheque Account is as easy to open as it is to operate. You can open the account with a deposit of £2,500 (which is the minimum opening and operating balance for the account) or more, either by post or at your local Leeds Building Society branch. Cash transactions can’t be accepted on this account (one of the reasons we can offer higher interest).

The rate of interest reflects the amount of money held in the account and our rates
get higher as the balance on the account grows - the higher the balance, the higher the interest rate. When the balance moves to a higher (or lower) band the interest rate that applies is paid on the whole balance on the account.

In a nutshell you’ll get:

A great rate of interest
Easy access to your money
Cheque book and £250 cheque guarantee card* - great for larger purchases
Direct Debit and standing order facilities
Monthly statements by post
Free banking for day to day use (providing your account remains in credit)
No catches - there’s no commitment for regular deposits to be made
A long standing commitment to the best customer service - from your local branch or by post.

Find out how you can use your Albion Cheque Account.

Free banking - you won’t have to pay a penny

If you keep your account in credit, no matter how many transactions you make by cheque, standing order or Direct Debit, you will not be charged for the day to day operation of your account. The only time you may attract charges is for some ancillary services and when the account operates outside the agreed terms and conditions. These are outlined in the Albion Cheque Account Tariff of Fees and Charges.

Important notes

* Cheque book and cheque guarantee cards are subject to status.

§ 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.