LBS Saver (Issue 3)Rates correct as at 15 SEP 2017
A simple, variable rate savings account that gives you the flexibility of saving anything from €2,500 to €1,000,000 (€2,000,000 for joint accounts).
0.50% Gross‡ p.a./AER† (variable)
|Account Name||LBS Saver (Issue 3)|
|What is the interest rate?||Annual Interest 0.50% Gross‡p.a./AER† (variable)
If the balance falls below €2,500 the basic savings rate of interest which is currently 0.05% Gross‡p.a./AER† (variable) shall apply.
Interest is calculated daily and paid annually on 31 October (commencing 31 October 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 condition 13 of the General Investment Conditions (Ireland) which provides details as to when and how we can change the interest rate.|
|What would the estimated balance be after 12 months based on a €2,500 deposit?||Assuming €2,500 is deposited into the account on 1 November for 12 months, at the variable rate of 0.50% Gross‡p.a./AER†, the value of your LBS Saver (Issue 3) on 31 October will be €2,512.50 (pre-deduction of tax) and €2,507.63 (post deduction of tax).
Warning: these figures are estimates only. They are not a reliable guide to the future performance of your savings.
|How do I open and manage my account?||The account is available to individuals aged 18 or over who are resident in Ireland.
The LBS Saver (Issue 3) can only be opened by post through the Society’s Dublin branch.
|Can I withdraw money?||Unlimited withdrawals can be made without notice or loss of interest, subject to the minimum operating balance of €2,500 being maintained.
Withdrawals can only be made by cheque.
|Additional Information||Cash transactions are not permitted.
Interest will be paid net of deposit interest retention tax (DIRT) where appropriate, unless a suitable Revenue declaration is in place. The current DIRT rate is 39% but is subject to change.
The account may be closed to further deposits upon a minimum of 30 days’ written notice.
The above provides a summary of the account only. Please make sure you read the full product terms and conditions so you fully understand how the account operates before you apply.