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RegularSaver (Issue 8)

Rates correct as at 3 OCT 2017

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, 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 8) at a time (including joint accounts).

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

Interest rate:


2.30% Gross p.a./AER variable until 30 September 2018.

Account NameRegularSaver (Issue 8)
What is the interest rate?Annual Interest 2.30% Grossp.a./AER variable until 30 September 2018.

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 September 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. Please see table below for more information.

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 September 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?If you open an account on 3 October and deposit £250 in each subsequent month up to 30 September 2018, based on an interest rate of 2.30% you will receive a £37.35 interest payment, giving an overall account balance of £3,037.35.
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.

You can only open one RegularSaver (Issue 8) at a time (including joint accounts).

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

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

Minimum operating balance: £50.

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

Up to Maximum account balance
31 October 2017 £250
30 November 2017 £500
31 December 2017 £750
31 January 2018 £1,000
28 February 2018 £1,250
31 March 2018 £1,500
30 April 2018 £1,750
31 May 2018 £2,000
30 June 2018 £2,250
31 July 2018 £2,500
31 August 2018 £2,750
30 September 2018 (Maturity Date) £3,000


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

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.

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 each day. 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 September 2018. On the day after maturity (01 October 2018), your funds 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 03 October 2017.
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Please note that even though our accounts can be opened online, not all of our products can be operated online. The details above only provide a summary of the account. Please check the Product Terms and Conditions (PDF) for full details.

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