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Savings & Investments
Caring Saver
Helping you, helping others
The Caring Saver is the kind of account that appeals to your head as well as your heart. It offers an attractive rate of interest whatever your investment, plus easy access to your money. Charity supporters often make donations straight out of their own pocket and that is where the Caring Saver is different, providing customers with a competitive rate of return on their savings and making a difference to people who really need it at the same time.
Leeds Building Society will donate 1% of the average balance in all Caring Saver accounts shared equally between its four charity partners; Age UK, Marie Curie Cancer Care and the Leeds Building Society Charitable Foundation. So far, Age UK has received over £120,000 from the account.
The latest donation funded a Age UK HandyVan. Mick Martin, a National HandyVan Fitter Manager said, “We assess security and safety needs, fit locks and other items such as spy-holes, door chains and smoke alarms, as well as securing a home after a break in.
“The real satisfaction comes from helping older isolated people feel more secure. It’s great to communicate with them and make a connection. The peace of mind and support we can offer really does make a difference and this wouldn’t be possible without the Caring Saver donation from Leeds Building Society.”
| Summary Box Key Product Information for our Savings Account(s) |
|
|---|---|
| Account Name | Caring Saver (Issue 2) |
| Interest Rates (AERs) | 0.55% Gross§ p.a./AER† (Variable) Plus 1% of the average balance held in all Caring Saver accounts paid to named charities of the Society's choice, which are currently: Age UK, Marie Curie Cancer Care and the Leeds Building Society Charitable Foundation |
| 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 | Four withdrawals may be made each calendar year without notice or loss of interest subject to the minimum balance of £500 being maintained. Further withdrawals are subject to 30 days loss of interest or an equivalent amount. |
| Access | Account can be opened and operated through any of our branches or by post. |
Rates correct as at 1 September 2010.
Other Product Features:
Minimum and maximum investment and operating balance:
The minimum investment and operating balance is £500 and the maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts).
When is interest paid?
Interest is calculated daily and paid annually on 1 May.
How is interest paid?
Interest can be either credited to the account or transferred either to another building society/bank account or to another account held with the Society.
Your Interest... In Theirs
We're delighted to support a wide range of community and charitable projects throughout the UK. We'd like to help more people and feel that you would like to do more too. You can help further by participating in our 'Your Interest... In Theirs' scheme.
It only takes a moment to donate... but just think of the difference it could make
In addition to the donation made from the Caring Saver, the pence amount of your annual interest could also be donated to the Leeds Building Society Charitable Foundation and our other two key partner charities. The maximum amount you donate through the scheme can be only 99p per account each year, but if all our members participate, it adds up to an amount that could make a real difference! The money will be split equally between the four charities on the same date as the rest of the interest is credited to your account, so once you've agreed to donate, you don't need to do anything else.
If you do not wish to participate in the scheme, simply complete the section within the application form. If you change your mind, you can stop your donation at any time by contacting your local branch or calling us on 0113 225 7777. By agreeing to donate the pence interest from your account(s) with the Society, you are agreeing that this is a variation to the Society’s General Investment Terms & Conditions.
