Online Savings

Savings & Investments

Albion Web Saver

Our Albion Web Saver account allows you to manage your money over the Internet, which means you can check your balance and transfer money to other accounts at anytime¹, all you need is access to the Internet and an email address.

Summary Box
Key Product Information for our Savings Account(s)
Account Name Albion Web Saver
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 Unlimited withdrawals can be made by BACS to your Nominated Account(s) without notice or loss of interest, subject to the minimum operating balance of £100 being maintained. If the account balance falls below £100 at any time, the account will be closed.
Access Account can only be opened and operated online.

How much interest will I earn?

Investment Annual Interest
% Gross§ p.a./AER† (Variable)
£100,000+ 2.25
£50,000+ 1.80
£25,000+ 1.75
£10,000+ 1.70
£2,500+ 1.35
£100+ 0.05

Rates correct as at 1 September 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).

Please note: Additional funds into the account will only be accepted whilst the account remains open for new investment.

When is interest paid?

Interest is paid annually on 1 June (commencing 1 June 2011).

How is interest paid?

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.

¹Please note that the Leeds Building Society Online Savings service will be unavailable each day for 1 hour between 12 midnight and 1am, while our systems update. § Gross means the rate of interest payable before the deduction of income tax at the rate specified by law. 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, compensation may be available if the Society cannot meet its liabilities in respect of this product, please see the General Investment Terms and Conditions for full details.

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.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.

The Society is authorised and regulated by the Financial Services Authority and our FSA registration number is 164992.

© Leeds Building Society