The Bantams Account is a savings account that offers you great rates, and access to your money whilst supporting Bradford City Football Club. Each year, Leeds Building Society will make a donation to the Bradford City Football Club equivalent to 1% of the total balances held in the account – and it doesn’t cost you a thing!
With tiered interest rates, the more you save, the higher the interest you receive on your savings…and the more the Club receives!
| Summary Box Key Product Information for our Savings Account(s) |
|
|---|---|
| Account Name | The Bantams Account |
| 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. The tax treatment depends on the individual circumstances of each customer and may be subject to change in the future. |
| Conditions for bonus payment | There is no bonus available on this account. |
| Withdrawal arrangements | All Account holders - Unlimited withdrawals
of £100 and over may be made without notice or loss of interest, subject to the minimum operating
balance of £100 being maintained. Account holders aged 12 to 17 - In addition to the withdrawal restrictions applicable to all account holders, one withdrawal a week of between £100 and £250 may be made and must be signed for by the account holder, subject to the minimum operating balance of £100 being maintained. Withdrawals over £250 and additional withdrawals in a week must be signed for by both the account holder and the authorised signatory. Account holders under 12 - In addition to the withdrawal restrictions applicable to all account holders, all withdrawals must be signed for by the authorised signatory. |
| Access | Account can be opened and operated through any of our branches or by post. |
| Investment | Annual Interest % Gross§ p.a./AER† (Variable) |
|---|---|
| £10,000+ | 1.50 |
| £5,000+ | 1.00 |
| £1,000+ | 0.55 |
| £500+ | 0.30 |
| £100+ | 0.10 |
Rates correct as at 1 July 2011.
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), plus accrued interest credited to the account. In the event that the balance falls below the minimum operating balance, the basic investment rate of interest which is currently 0.05% Gross§ p.a./AER† (variable) shall apply.
Interest is paid annually on 30 June (commencing 30 June 2010).
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. In the case of account holders aged 17 and under, any such account must be in the name of the account holder
§ Gross means the rate of interest payable before the deduction of income tax at the rate specified by law. † AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
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