Secure Online Services
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 | Withdrawals can be made by bank transfer to a Nominated Account(s) (i.e. by BACS) and can be made at anytime without notice or loss of interest, subject to the minimum operating balance of £100 being maintained. If the account falls below £100 at any time, the account will be closed. The account can be closed at anytime without notice or loss of interest. |
| Access | Account can be opened and operated online only. |
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 |
Interest rates correct as at 28 May 2010
Other Product Features:
Minimum and maximum investment and operating balance:
The minimum investment is £100 (you must include a cheque with your application form) and the maximum investment 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 is credited to the account.
What if I change my mind?
From the date of account opening, you have 14 days to notify us (in writing) if you are not happy with your choice of account. Please write to
Investment Services,
Leeds Building Society,
105 Albion Street,
Leeds
LS1 5AS.
Within that period we will, if instructed by you, refund your investment with interest from account opening, or subject to eligibility, transfer the investment to another account of your choice without any penalty for early withdrawal. Any subscriptions cancelled in this way will not count as a subscription to an ISA.
What if I have a complaint?
We aim to provide a high quality service to customers at all times. Unfortunately mistakes do occur, but when this happens we shall do our best to resolve problems or misunderstandings which arise. Should you need to refer a matter of complaint to us, details of the procedure are available from your local branch or our Customer Helpline. Ultimately your complaint may be referred to the Financial Ombudsman Service of South Quay Plaza, 183 Marsh Wall, London E14 9SR or to the Financial Services Authority of 25 The North Colonnade, Canary Wharf, London E14 5HS.
