Dinosaver AccountMeet the herd

Savings & Investments

DinoSaver

Introducing the DinoSaver account for first time savers aged 0-11.

Leeds Building Society believe 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) See the "How much interest will I earn?" table below.
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 Withdrawals must be made by a parent/guardian. The account provides instant access and unlimited withdrawals can be made as long as the £10 minimum operating balance is maintained.
Access Account can be opened and operated through any of our branches or by post.

How much interest will I earn?

Investment Annual Interest
% Gross§ p.a./AER† (Variable)
£10+ 1.50

Interest rates effective from 22 October 2009

Other Product Features:

Minimum and maximum investment and operating balance:

The minimum investment is £10 and the maximum investment 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

§ Gross means the rate payable before the deduction of income tax. † AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.

Leeds Building Society is a member of the Building Societies' Association. The Society is a participant in the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. Payments under the Scheme are limited to a maximum of £50,000 of an investor's total shares and/or deposits in a society. Most investors are covered, including individuals and small firms. A small number of categories of shares and deposits are not covered, for example deferred shares - permanent interest bearing shares. Although most shares and deposits are denominated in sterling, all other currencies are covered. Further details are available on request from the Society.

The Society is covered by the Financial Ombudsman Service. Leeds Building Society offers some investment products that may be operated through branches and by post and certain products which can be operated by post only. Other taxes or costs may exist that are not paid by Leeds Building Society.

The Society is authorised and regulated by the Financial Services Authority and our FSA registration number is 164992.

© Leeds Building Society