Leeds Building Society

Looking for a straightforward investment with the security of a guaranteed return? A Fixed Rate Bond (Issue 1) 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.

Also, the account couldn’t be easier to run – you can simply operate it through your local Branch or by post.

Key features at a glance

Minimum investment: £100.
Maximum investment: £1,000,000 (£2,000,000 for joint accounts).
When is interest paid? Annual interest is calculated daily and paid on
maturity (1 May 2009). Monthly interest is paid on the last working day of each month.
How is interest paid? Annual interest can be 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.
Withdrawals: You can make one withdrawal of up to 25% of your initial capital investment without notice or loss of interest until 1 May 2009. Closure of the account or further withdrawals are not permitted until the day after maturity (2 May 2009).

How much interest will I earn?

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.

Investments in this account will represent shares in the Society and are subject to the Rules of the Society. Member of the Building Societies’ Association. Leeds Building 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 £35,000, that is 100% of the first £35,000 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 are denominated in sterling, all other currencies are covered. Further details are available on request from the Society. Leeds Building Society is authorised and regulated by the Financial Services Authority.

Leeds Building Society subscribes to the Banking Code which sets out standards of good banking practice for banks and building societies. Details of the Code are available at www.bankingcode.co.uk or in the leaflet "The Banking Code" published by the BBA/BSA. The Society is covered by the Financial Ombudsman Service. Leeds Building Society offers some investment products that may be operated through branches and by post and certain products which can be operated by post only.

The Society’s FSA registration number is 164992.

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