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Savings & Investments
3 Year Fixed Rate Bond (Issue 112)
Looking for a straightforward investment with the security of a fixed rate? The 3 Year Fixed Rate Bond (Issue 112) from Leeds Building Society could be just what you need!
You’ll earn a competitive rate of interest, fixed until maturity. You can invest any amount you like between £100 and £1,000,000 (£2,000,000 for joint accounts).
Also, the account couldn’t be easier to run – you can simply operate it through your local branch or by post.
Please note: this fixed rate account is a limited issue and may be withdrawn without notice. Additional funds may be invested whilst the issue remains open for further investment.
| Summary Box Key Product Information for our Savings Account(s) |
|
|---|---|
| Account Name | 3 Year Fixed Rate Bond (Issue 112) |
| Interest Rates (AERs) | Annual Interest 3.00% Gross§ p.a./AER† (Fixed) Monthly Interest 2.75%/2.78% Gross§/AER† (Fixed) |
| 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. The tax treatment depends on the individual circumstances of each customer and may be subject to change in the future. |
| Conditions for bonus payment | There is no bonus available on this account. |
| Withdrawal arrangements | Access is limited to withdrawals of up to 25% of your capital investment without notice or loss of interest prior to maturity (30 April 2015) subject to the minimum balance of £100 being maintained. Closure of the account or further withdrawals are not permitted until the day after maturity (1 May 2015). |
| Access | Account can be opened through any of our branches, via our website or by post, and can be operated through any of our branches or by post. |
Rates correct as at 3 March 2012.
Other Product Features:
Minimum and maximum investment and operating balance:
The minimum investment and operating balance is £100 and the maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts).
When is interest paid?
Interest is paid annually on 30 April (commencing 30 April 2013) and on maturity (30 April 2015) or monthly on the last working day of the month.
How is interest paid?
Annual 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. Monthly interest must be transferred either to another building society/bank account or to another account held with the Society.
What happens to my investment at maturity?
The 3 Year Fixed Rate Bond (Issue 112) will mature at close of business on 30 April 2015. On the day after maturity (1 May 2015), the Society will transfer your investment (including interest) to a maturity account. Full details including terms and conditions will be provided before maturity.
