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Savings & Investments
DinoSaver
Introducing the DinoSaver account for first time savers aged 0-11.
Leeds Building Society believes learning the benefits of saving from an early age is important. DinoSaver is an instant access savings account designed to give young people a head start in managing their money.
With some GREAT free gifts to help you keep track of your savings and a MEGA rate of interest, DinoSaver is a great way to develop your first savings account.
| Summary Box Key Product Information for our Savings Account(s) |
|
|---|---|
| Account Name | DinoSaver |
| Interest Rates (AERs) | 1.50% Gross§ p.a./AER† (Variable) |
| Tax Status | The gross rate(s) of interest shown will be payable net of the appropriate rate of income tax (which may be reclaimed by non-taxpayers) or, subject to the required certification, gross. |
| Conditions for bonus payment | There is no bonus available on this account. |
| Withdrawal arrangements | Unlimited withdrawals can be made as long as the minimum operating balance of £10 is maintained. All withdrawals must be signed for by the authorised signatory. |
| Access | Account can be opened and operated through any of our branches or by post. |
Rates correct as at 1 September 2010.
Other Product Features:
Minimum and maximum investment and operating balance:
The minimum investment and operating balance is £10 and the maximum investment and operating balance is £1,000,000.
When is interest paid?
Interest is paid annually on 1 January.
How is interest paid?
Interest can either be credited to the account or transferred either to another building society/bank account or to another account held with the Society, provided any such account is in the name of the account holder.
Eligibility
You must be under 12 years old inclusive to open an account. At 12 years old, your DinoSaver account will automatically change to the 12-17 year old account available at the time
