Leeds Building Society

Competitive high interest rate account with easy access and exceptional branch service….

Annual interest rate of: 4.65% Gross§ p.a./AER† (Variable)
Monthly interest rate of: 4.40% Gross§/4.49% AER† (Variable)

The interest rate payable on the account is guaranteed not to be less than 1% below Bank of England base rate until 1 September 2010.

The account is available to people aged 50 years and above, and will require at least one direct pension credit to be paid into the account on a regular basis (i.e. weekly/monthly). However, lump sums can also be added.

The Flexible Freedom account is operated through your local branch which also brings you all the benefits of our professional, friendly service. Every time you drop into your local branch we’ll be happy to give you advice on your account - no appointment required!

Summary Box Key Product Information for our Savings Account(s)
Account Name	Flexible Freedom
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	Withdrawals can be made at any time subject to the minimum operating balance or £500 being maintained. If the account balance falls below £100 at any time, the account will be closed. The account can be closed at any time without notice or loss of interest.
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 £500 and the maximum investment is £1,000,000 (£2,000,000 for joint accounts). One direct pension credit must be paid into the account each month.

When is interest paid?
Interest is paid annually on 1 September or monthly on the last working day of the month.

How is interest paid?
Annual interest can be either added 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.

Eligibility

The account is available to people aged 50 years and above, and will require at least one direct pension credit to be paid into the account on a regular basis (weekly/monthly).

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.