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Savings & Investments
Jet and Ben Saver
Both you, Jet and Ben are winners with the Jet and Ben Saver account from Leeds Building Society!
The Jet and Ben Saver is a savings account that offers you great rates, and access to your money whilst supporting the work that Jet and Ben do for the Durham Agency Against Crime. Each year, Leeds Building Society will make a donation to the Durham Agency Against Crime 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 organisation receives!
| Summary Box Key Product Information for our Savings Account(s) |
|
|---|---|
| Account Name | Jet and Ben 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. 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 - 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 - 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. 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. |
How much interest will I earn?
| 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 September 2010.
Other Product Features:
Minimum and maximum investment and operating balance:
The minimum investment is £100 and the maximum investment is £1,000,000 (£2,000,000 for joint accounts).
When is interest paid?
Interest is paid annually on 31 July (commencing on 31 July 2010).
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, provided the account is in the name of the account holder.
