Dinosaver AccountMeet the herd

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

§ Gross means the rate of interest payable before the deduction of income tax at the rate specified by law. The tax treatment depends on the individual circumstances of each customer and may be subject to change in the future. † 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, compensation may be available if the Society cannot meet its liabilities in respect of this product, please see the General Investment Terms and Conditions for full details.

The Society is covered by the Financial Ombudsman Service. We may monitor and/or record your telephone conversation with the Society to ensure consistent service levels (including staff training). The Society's main business is the provision of savings products, mortgages and general insurance. The Society offers some investment products that may be operated through branches and by post and certain products which can be operated by post only.

Leeds Building Society is authorised and regulated by the Financial Services Authority and our registration number is 164992. You can check this on the FSA register by visiting the FSA website at www.fsa.gov.uk or by contacting the FSA on 0845 606 1234.

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