Online Access Saver (Issue 17)
A straightforward and flexible way to save that lets you make top-ups and withdrawals as you go. This one also allows you to manage your money conveniently online.
Interest rate:
3.95%
Gross p.a./AER variable.
The term is fixed until 5 May 2027
This might be right for you if...
- You want access to your money at any time
- You'd prefer to manage your savings online
- You have at least £1,000 to deposit
Some things to bear in mind...
- Interest rates can go down as well as up
- This account matures on 5 May 2027
- Minimum operating balance of £1,000
Summary Box
Account Name: Online Access Saver (Issue 17)
What is the interest rate?
3.95% Gross p.a./AER variable.This product matures on 5 May 2027.
Interest is calculated daily.
Interest is paid on maturity, 5 May 2027.
Interest can be added to the account or paid to another account, with us or another provider.
For balances below £1,000, the interest rate reduces to 0.05% Gross p.a./AER variable.
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. This is what the interest rate would be if interest was paid and added each year. It helps you to compare accounts.
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?
£1,039.50.This assumes that:
• you deposit £1,000 on 5 May 2026;
• you don’t make any further deposits or withdrawals;
• the interest rate doesn’t change; and
• the interest is paid annually on 5 May 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?
Eligibility:To open this account you must be a UK resident aged 18 or over.
The account cannot be opened by corporate bodies, trustees, executors, nominees or charities.
How much do I need to open the account?
£1,000.
Is there a minimum or maximum balance?
Minimum balance: £1,000.
Maximum balance: £1,000,000/ £2,000,000 (joint account), plus any interest earned and paid to the account.
Are joint accounts permitted?
Yes
How do I open an account?
Online, via our website at www.leedsbuildingsociety.co.uk.
Can I have more than one of this account?
No
How do I operate the account?
Online only.
You must maintain a valid email address and notify us promptly if it changes. We will use this to communicate with you.
Your initial deposit may be made by cheque. But no further cash or cheque deposits can be made.
Can I transfer my existing Leeds Building Society account to this one?
This will depend on the terms and conditions of your existing account, please check with us.
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. Withdrawals must be to your nominated account. Cash and cheque withdrawals are not permitted.
You must maintain the minimum operating balance of £1,000. If the balance falls below this the interest rate reduces to 0.05% Gross p.a./AER variable.
What happens on 5 May 2027?
The fixed term will end at midnight on 5 May 2027. This is known as maturity.
On 6 May 2027, 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?This means we don’t take off any tax. How your interest is taxed depends on your own circumstances, which may change. If you’re unsure, you should get 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, visit us in branch 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.
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).
Protect your money
Your eligible deposits with Leeds Building Society are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
