Piggy Bank

Savings & Investments

Premium Access

Easy access plus a premium rate of interest - an uplifting combination

Good news - you don't have to tie up your money for a long period of time to enjoy a great rate of interest. With our Premium Access account, you have instant access to your investment, and you still get a high rate of interest.

Summary Box
Key Product Information for our Savings Account(s)
Account Name Premium Access
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 Access is limited to five withdrawals per calendar year, without notice or loss of interest, subject to the minimum investment of £2,500 being maintained. If a sixth withdrawal is required during any calendar year, or a withdrawal takes the account balance below £2,500, the account will be closed.
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)
£100,000+ 1.25
£25,000+ 1.00
£2,500+ 0.75
Investment Monthly Interest (Variable)
% Gross§ % AER†
£100,000+ 1.00 1.00
£25,000+ 0.75 0.75
£2,500+ 0.50 0.50

Interest rates effective from 22 October 2009

Other Product Features:

Minimum and maximum investment and operating balance:

The minimum investment is £2,500 and the maximum investment is £1,000,000.

When is interest paid?

Interest is paid annually on 31 October, or monthly on the last working day of the month.

How is interest paid?

Annual interest can be either added to the account or transferred to either another building society/bank account or to another account held with the Society.
Monthly interest must be transferred either to another building society/bank account or to another account held with the Society

§ Gross means the rate payable before the deduction of income tax. † 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. Payments under the Scheme are limited to a maximum of £50,000 of an investor's total shares and/or deposits in a society. Most investors are covered, including individuals and small firms. A small number of categories of shares and deposits are not covered, for example deferred shares - permanent interest bearing shares. Although most shares and deposits are denominated in sterling, all other currencies are covered. Further details are available on request from the Society.

The Society is covered by the Financial Ombudsman Service. Leeds Building Society offers some investment products that may be operated through branches and by post and certain products which can be operated by post only. 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