1 Year Double Access Saver
A straightforward way to save that also gives you the option to make a set number of withdrawals throughout the year.
Interest rate::
4.15%
Gross p.a./AER variable.
The term is fixed until 30 June 2026
This might be right for you if...
- You don't need to dip into your savings often
- You have at least £1,000 to deposit
- You'd prefer to run the account in-branch or by post
Some things to bear in mind...
- Interest rates can go down as well as up
- Withdrawals are limited to 2 each year without loss of interest (including account closure)
- You can't open this account online
- Minimum operating balance of £1,000
Summary Box
Account Name: 1 Year Double Access Saver
What is the interest rate?
Annual Interest : 4.15% Gross p.a./AER variable.The interest is variable, meaning it can go up or down.
Interest is calculated daily.
Interest is paid on maturity 30 June 2026.
• The maximum amount you can invest is £1,000,000 (£2,000,000 for joint accounts) plus interest earned.
• If the balance falls below £1,000, the rate of interest that applies is 0.05% Gross‡ p.a./AER† variable.
• Interest can be credited to the account or transferred to another building society/bank account or to another account that you have with us.
Gross means the rate of interest payable before income tax has been taken off.
It is your responsibility to pay any tax based on your individual circumstances.
AER stands for Annual Equivalent Rate and this is what the interest rate would be if interest was paid and added each year.
Can Leeds Building Society change the interest rate?
Yes. The interest rate is variable, meaning we can increase or decrease the rate.Our General Conditions contain details about how we can change the interest rate and how we will tell you about those changes.
What would the estimated balance be after 12 months based on a £1,000 deposit?
£1,041.50.This assumes that:
• you deposit £1,000 on 30 June 2025;
• you don’t add any more money;
• you don’t make any withdrawals;
• the interest rate doesn’t change; and
• the interest is paid annually, on 30 June and added to the account.
This projection is only an illustration and will depend on your individual circumstances.
How do I open and manage my account?
To open this account you must be:• A UK resident.
• An individual aged 18 or over.
How much do I need to open the account?
£1,000.
Is there a minimum or maximum balance?
You can save from £1,000 up to £1,000,000, plus any interest earned and paid to the account. £2,000,000 for joint accounts.
Are joint accounts permitted?
Yes
How do I open an account?
By visiting one of our branches or by post.
Can I have more than one of this account?
No
How do I operate the account?
In branch or by post.
You may be able to carry some operations by telephone and online, if you have registered for online services.
Can I transfer my existing Leeds Building Society account to this one?
This will depend on the terms and conditions of your existing product. Please check with us to see if this is possible.
Can I add more money after my initial deposit?
Yes. We will give you at least 30 days written notice if we close this account to further deposits.
Can I withdraw money?
Can I withdraw money?Yes, you can make 2 withdrawals each calendar year. You must maintain the minimum operating balance of 1,000.
If you make any further withdrawals, including closing your account there will be a charge. The charge is an amount equivalent to 30 days’ interest on the amount withdrawn. This means that you might get back less than you originally deposited.
If the balance in your account falls below £1,000, the rate of interest will be 0.05% Gross p.a./AER variable.
You can make withdrawals from your account by:
• cash in branch, there is a daily limit of £300. For withdrawals between £300 and £1,000, 48 hours’ notice must be provided.
• cheque;
• transfer to another Society account; or
• electronic payment as defined in our General Conditions.
What happens on 30 June 2026?
This account will mature at midnight on 30 June 2026.
On 1 July 2026, your funds including any interest, will be transferred to an instant access maturity account. Details of your options and terms and conditions for the new account will be provided before maturity.
Additional Information
What does gross interest mean?Your interest will be paid gross, meaning we don’t deduct any tax. The tax treatment will depend on your individual circumstances, which may change in the future. It is your responsibility to take independent tax advice.
Can I cancel my account? You have 14 days from the date you open your account to tell us in writing that you want to cancel your account. You must contact us on 0113 225 7777 or write to Customer Support, PO Box 228, LS1 9LN.
Keeping you and your information safe
- We share the information you provide with fraud prevention agencies
- They use this information to guard against fraud, money laundering and identity theft
- If any of these are detected, it may prevent you from applying for selected accounts
- You can find out more about your data protection rights in our Guide to use of your personal data (PDF)
Continuing with your application lets us know we're okay to use your information this way.
Looking for something else?
Compare our savings range now.
Protecting your money
Under the Financial Services Compensation Scheme (FSCS), the first £85,000 of your savings is protected.
Find out more