Regular Saver (Issue 51)

It could be a perfect wedding. A brand-new car. Or even a trip-of-a-lifetime dream holiday. Whatever you’re saving for, if you don’t need to access your money often during a two-year period, our Regular Saver might be right for you.

Interest rate:

5.25%

Gross^‡ p.a./AER^† variable until 31 March 2026.

The term is fixed until 31 March 2026

This might be right for you if...

You don't need to dip into your savings often
You want to save regularly for up to 24 months

Some things to bear in mind...

Interest rates can go down as well as up
Withdrawals are limited to 1 each year without loss of interest (including account closure)
You can deposit up to £6,000 over the 24 month period
You can only pay in up to £250 in a single month

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).

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Summary Box

Account Name: Regular Saver (Issue 51)

What is the interest rate?

Annual Interest

5.25% Gross^‡ p.a./AER^† variable until 31 March 2026.

• 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 annually on 31 March (commencing 31 March 2025) and on maturity (31 March 2026).

• 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 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 variable. This means that we can change the interest rate. For further information on how we can change the interest and how much notice we need to provide you with, please see our General Conditions, condition 14 ‘Our right to change interest rates’ and condition 15 ‘Letting you know about changes to interest rates’

What would the estimated balance be after 24 months based on 24 regular monthly deposits of £250?

If you deposit £250 in your account at the time it is opened and on the last day of each following month for 24 months and it earns an interest rate of 5.25%, after 24 months you will receive an interest payment of £305.35. The total estimated balance in your account will be £6,305.35. This assumes that:

• You don’t make any further deposits,

• You don’t make any withdrawals and,

• The interest is paid annually 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:

• The account is available to anyone 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 including joint accounts. You may only hold one Leeds Building Society Regular Saver product at a time. If a second Regular Saver account is opened all the money in the second account will be transferred to the current instant access account available to new customers.

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.

• The maximum monthly deposit is £250 each month up to a maximum balance at the end of the term of £6,000, £6,000 for joint accounts, plus any interest earned and credited to the account. If the balance exceeds £6,000 plus any interest earned, the rate of interest that will apply to the whole balance will reduce. This will match the variable interest rate of our Access Saver or a similar access account at the time.

• 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?

Withdrawals:

• Access is limited to 1 withdrawal each calendar year. This includes account closure without notice or loss of interest, as long as the minimum operating balance of £100 is maintained.

• If you make any further withdrawals including account closure this will be subject to 30 days’ loss of interest on an equivalent amount to that withdrawn. This means that you might get back less than you originally deposited.

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

• You can make withdrawals from your account by:

o cash up to a maximum of £300 in branch each day. You will need to provide 48 hours’ notice, if you require more than this amount up to a maximum of £1000;

o cheque; or

o electronic payment as defined in the Definitions section in our General Conditions.

Maturity:

The account will mature at midnight on 31 March 2026. On the day after maturity (1 April 2026), your money including interest 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 close your account at any time and without loss of interest provided you haven’t exceeded the maximum number of withdrawals.

If the maximum number of withdrawals allowed has been exceeded, you can close the account at any time but there will be 30 days loss of interest on the amount that you have withdrawn/transferred. This means that you might get back less than you originally deposited.

Interest will be paid immediately up to the date that your account is closed.

Deposits:

The account may be closed for further deposits at any time. We will give you a minimum of 30 days’ notice in writing and after this you will not be able to deposit any further money.

Tax treatment:

Interest is paid gross, which means before 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 depends 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.