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Savings & Investments
Junior Vikings
A great start for young fans of cricket
Leeds Building Society believe that young savers should be given the best start - and what better for cricket fans than a Junior Vikings account?
The account offers a range of benefits, including a great interest rate and easy access to your money. So why not open an account for your child or grandchild and give them a great start.
| Summary Box Key Product Information for our Savings Account(s) |
|
|---|---|
| Account Name | Junior Vikings |
| 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 | 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 a parent/guardian. Account holders under 12 - Unlimited withdrawals of £100 and over are permitted without notice or loss of interest, subject to the minimum operating balance of £100 being maintained. All withdrawals must be signed for by a parent/guardian. |
| 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+ | 1.50 |
Interest rates effective from 22 October 2009
Other Product Features:
Minimum and maximum investment and operating balance:
The minimum investment is £10 and the maximum investment is £1,000,000.
When is interest paid?
Interest is paid annually on 1 March.
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 any such account is in the name of the account holder.
What happens when I'm 18?
When you reach 18, the Society will automatically transfer your investment (and the interest earned) into the Society's White Rose account. Terms and Conditions will be made available nearer the time.
