3 Year Fixed Rate Monthly Income Bond (Issue 12)

Looking for a rate of interest that will not change and offers a monthly income? Then take a look at our Fixed Rate Income Bond.

Interest rate:


Gross p.a./AER fixed until 1 September 2027.

The term is fixed until 1 September 2027

This might be right for you if...

  • You'd like a fixed rate of interest
  • You're okay with monthly interest being paid into another account
  • You have a lump sum to deposit

Some things to bear in mind...

  • You can only access your money after 1 September 2027
  • Deposits can only be made up to 31 August 2024

Ready to apply?

Before you apply, please read the Summary Box below.

For more information, take a look at our Product Terms & Conditions (PDF), General Terms & Conditions (PDF) and the FSCS Information Sheet (PDF).

Summary Box

Account Name: 3 Year Fixed Rate Monthly Income Bond (Issue 12)

What is the interest rate?

Monthly Interest

4.15% Gross p.a./AER fixed until 1 September 2027.

• If the balance falls below £100, the rate of interest will be 0.05% Gross p.a./AER variable.

• Interest is calculated daily and paid monthly on the last working day of the month and on maturity (1 September 2027). Depending on what date in the month you deposit your initial funds, you may not receive your first interest payment until the last working day of the following month.

• Monthly interest must be transferred to either another building society or 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.

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?

The interest rate on this account is fixed. This means the interest rate paid on your account won’t change during the fixed rate term as long as the minimum operating balance of £100 is maintained.

What would the estimated balance be after 36 months based on a £1,000 deposit?

If you deposit £1,000 in your account at the time that it is opened and it earns an interest rate of 4.15%, on the last working day of each month you will receive an interest payment of £3.46. The estimated balance in your account will be £1,000. This assumes that:

• You don’t make any further deposits,

• You don’t make any withdrawals and,

• The monthly interest payment must be paid away, it can’t be paid into the account.

This projection is only an illustration and will depend on your individual circumstances.

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 or charities.

• You are only allowed one account per customer.

How to open the account:

• The account can be opened through any of our branches, via our website www.leedsbuildingsociety.co.uk or by post.

• If you currently have an existing Leeds Building Society account it may be possible to transfer your funds, subject to your existing product terms and conditions and the product terms and conditions of this account. Please check with us to see whether this is possible.

Operating the account:

• Minimum operating balance: £100. The minimum operating balance is required to open the account.

• Maximum operating balance: £1,000,000, £2,000,000 for joint accounts.

• The account can be operated in branch or by post. You will also be able to carry out some operations by telephone and online, where you have registered for online services.

• Where the account is operated by post, the Society will aim to deal with all transactions within two working days of receiving a request. We can’t be held responsible for delays due to unforeseen circumstances and postal delays.

Can I withdraw money?


No withdrawals are allowed until the day after maturity (2 September 2027).


The account will mature at midnight on 1 September 2027. On the day after maturity (2 September 2027), your funds will be automatically transferred to an instant access maturity account, unless you provide alternative instructions. Full details including terms and conditions will be provided before maturity.

Additional Information

Account closure:

You can’t close your account until the day after maturity (2 September 2027).


The account is limited issue. Once the account is open, you can make deposits up to and including 31 August 2024.

Tax treatment:

Interest is paid gross which means before the income tax has been taken off. Payment of gross interest does not mean that interest you receive will be exempt from tax. How the tax is treated will depend on your individual circumstances and may change in the future. It is up to you to take independent tax advice.

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.

Apply online now

Before you apply, please read the summary box above, our Product Terms & Conditions (PDF), General Terms & Conditions (PDF) and the FSCS Information Sheet (PDF).

Other ways to apply

By post

Looking for something else?

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Protecting your money

Under the Financial Services Compensation Scheme (FSCS), the first £85,000 of your savings is protected.
Find out more