Piggy Bank

Savings & Investments

1 Year Fixed Rate Bond (Issue 62)

Looking for a straightforward investment with the security of a fixed rate? A Fixed Rate Bond (Issue 62) from Leeds Building Society could be just what you need!

You’ll earn a competitive rate of interest, fixed until maturity. You can invest any amount you like between £100 and £1,000,000 (£2,000,000 for joint accounts).

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Please note: this fixed rate account is a limited issue and may be withdrawn without notice.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 Fixed Rate Bond (Issue 62)
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 No withdrawals are permitted prior to maturity (30 September 2011) subject to the minimum balance of £100 being maintained. Closure of the account is not permitted until the day after maturity (1 October 2011).
Access Account can be opened through any of our branches, via our website or by post, and can be operated through any of our branches or by post.

How much interest will I earn?

Investment Annual Interest
% Gross§ p.a./AER† (Fixed)
£100+ 2.50
Investment Monthly Interest (Fixed)
% Gross§ % AER†
£100+ 2.25 2.27

Rates correct as at 13 August 2010.

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 (£2,000,000 for joint accounts).

When is interest paid?

Interest is paid on maturity (30 September 2011) or monthly 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 Fixed Rate Bond (Issue 62) will mature at close of business on 30 September 2011. On the day after maturity (1 October 2011), the Society will transfer your investment (including interest) to a maturity account. Full details including terms and conditions will be provided before maturity.

§ Gross means the rate of interest payable before the deduction of income tax. The tax treatment depends on the individual circumstances of each customer and may be subject to change in the future. † 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 of £50,000 or €50,000 (whichever figure is higher on the day of default) 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. We may monitor and/or record your telephone conversation with the Society to ensure consistent service levels (including staff training). The Society's main business is the provision of savings products, mortgages and general insurance. 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. You can check this on the FSA register by visiting the FSA website at www.moneymadeclear.fsa.gov.uk or by contacting the FSA on 0845 606 1234.

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

© Leeds Building Society