Leeds Building Society

If you want to maximise the return on your savings, whilst still having access to your money should you need it, the Fixed Rate Postal Bond could be just what you want.

The Fixed Rate Postal Bond 6.20% Gross (6.25% AER) offers you no notice/no penalty access to your funds, together with a great rate guaranteed to be 6.25% AER† (6.20% Gross§) until maturity (1 March 2009).

This is a postal account and cannot be opened or operated via our branch network.

Summary Box Key Product Information for our Savings Account
Account Name	Fixed Rate Postal Bond 6.20% Gross§ (6.25% AER†)
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 unlimited withdrawals without notice or penalty, as long as the minimum balance is maintained.
Access	Account can be opened through any of our branches, via our website or by post, and can be operated by post.

How much interest will I earn?

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 on maturity (1 March 2009).

How is interest paid?
Interest can either be credited 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?
Your investment will mature at close of business on 1 March 2009. On the day after maturity (2 March 2009), the Society will transfer your investment (including interest) to the Maturity Tracker Bond (Issue 14) which pays an interest rate that tracks the Bank of England Base Rate until maturity (30 June 2010) and provides instant access.

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.