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Regular Saver (Issue 11)

Rates correct as at 3 JAN 2018

Our Regular Saver is designed to help you make regular monthly deposits, but is flexible enough that you don’t have to.

When you first open a Regular Saver (Issue 11), the maximum amount you can deposit into the account is £250 (£250 for joint accounts). The account balance then increases each month by a maximum of £250 up to a maximum total balance of £3,000 (£3,000 for joint accounts) at the end of the fixed term period. Please see below for more information.

If you have the odd month when you can’t make a deposit, you can top up your account later on with a bigger payment – up to your maximum balance for that month.

That means you won’t lose out if you can’t put savings aside every month.

Note that you can only have one Regular Saver (Issue 11) at a time (including joint accounts).

Please note that you cannot open a Regular Saver (Issue 11) if you already have a Regular Saver (Issue 5, 6, 7, 8, 9, or 10). If you open a second Regular Saver (Issue 11), the money deposited in that account will be transferred to an instant access account.

Interest rate:

2.55% Gross p.a./AER variable

Account NameRegular Saver (Issue 11)
What is the interest rate?Annual Interest 2.55% Grossp.a./AER variable.

The maximum initial deposit is £250 (£250 for joint accounts). The account balance increases by £250 per month up to a maximum total balance of £3,000 (£3,000 for joint accounts) at the end of the fixed term period (30 December 2018). Please see table below for more information.

If the maximum account balance is exceeded at any point, the interest rate that shall apply to the whole balance will be 0.50% Grossp.a./AER (variable). This will apply for the period of time that the maximum balance is exceeded.

If the balance falls below £50, the rate of interest that shall apply is 0.05% Grossp.a./AER (variable).

Interest is calculated daily and paid on maturity (30 December 2018).

Interest can be credited to the account or transferred to another building society/bank account or to another account held with the Society.
Can Leeds Building Society change the interest rate?Yes. Please see conditions 13 and 14 of the General Investment Conditions which provide details as to when and how we can change the interest rate.
What would the estimated balance be after 12 months based on a £250 deposit?Assuming you open an account on 03 January 2018 and deposit £250 in each
subsequent month up to 30 December 2018, then based on an interest rate of 2.55% you will receive a £41.36 interest payment, giving an overall account balance of £3,041.36.

This projection is provided for illustrative purposes only and will depend on the individual circumstances of each customer.
How do I open and manage my account?The account is available to individuals aged 18 or over who are resident in the UK. The account cannot be opened by corporate bodies, trustees, executors, nominees, charities or minors.

Minimum operating balance: £50.

Maximum account balance increases by £250 per month (see table below):

Up to Maximum account balance
31 January 2018 £250
28 February 2018 £500
31 March 2018 £750
30 April 2018 £1,000
31 May 2018 £1,250
30 June 2018 £1,500
31 July 2018 £1,750
31 August 2018 £2,000
30 September 2018 £2,250
31 October 2018 £2,500
30 November 2018 £2,750
30 December 2018 (Maturity Date) £3,000

Maximum total balance at maturity: £3,000 (£3,000 for joint accounts).

You can only open one RegularSaver (Issue 11) at a time (including joint accounts).

You cannot open this account if you already have a Regular Saver (Issue 5, 6, 7, 8, 9 or 10).

The account can be opened through any of our branches, via our website or by post.

The account can only be operated in branch or by post.
Can I withdraw money?Access is limited to one withdrawal without notice or loss of interest prior to maturity and subject to the minimum operating balance of £50 being maintained.

You can withdraw up to a maximum of £300 in cash in branch. If you require more than this amount (up to a maximum of £1,000) you will need to provide the Society with 48 hours’ notice.

The account will mature at midnight on 30 December 2018. On the day after maturity (31 December 2018), your funds (including interest) will be transferred to an instant access maturity account. Full details including terms and conditions will be provided before maturity.
Additional InformationInterest is paid gross, without the deduction of income tax. Payment of gross interest does not mean that interest you receive is exempt from tax. The tax treatment depends on the individual circumstances of each customer and may be subject to change in the future. It is your responsibility to seek independent tax advice.

The account is limited issue.

Information correct as at 3 January 2018.
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The Summary Box sets out only the key information, for full details please read our

Your savings are also protected by the FSCS. For details please read our FSCS Information Sheet (PDF)

Like the sound of our Regular Saver?Apply in BranchApply by PostApply Online

Alternate ways to apply

Visit your local branch and our friendly staff will help you to open your account.

Download your savings application pack to apply by post.