This section sets out the product Terms and Conditions.
You must also read the General Investment Conditions, as
these apply to your account.
If there is a conflict between the General Investment Conditions and the Product Terms and Conditions then the Product Terms and Conditions will take precedence.
Although this is an online document, and therefore you can easily return to this page for future reference, you may wish to print the relevant Product Terms and Conditions, along with the General Investment Conditions and product key features page.
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Fixed Rate Bond (Issue 10)
Product Terms and Conditions |
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The Society's General Investment Conditions will apply unless (and to the extent) they are inconsistent
with these Terms and Conditions. |
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| 1. |
The Fixed Rate Bond (Issue 10) is a fixed rate, fixed term account. |
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| 2. |
The Fixed Rate Bond (Issue 10) is not available to non-UK residents, corporate bodies, nominees or minors. |
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| 3. |
The Fixed Rate Bond (Issue 10) is limited to one account per customer. |
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| 4. |
The minimum investment and operating balance is £1,000. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts). |
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| 5. |
Additional funds, up to the maximum investment and operating balance of £1,000,000 (£2,000,000 for joint accounts), may be invested whilst the issue remains open for further investment. |
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| 6. |
The Fixed Rate Bond (Issue 10) will mature at close of business on 2 January 2010. On the day after maturity (3 January 2010), the Society will transfer your investment (including interest) to a maturity account. Full details including terms and conditions will be provided before maturity. |
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| 7. |
Interest is calculated daily and paid annually on maturity (2 Janaury 2010), or monthly on the last working day of the month. |
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| 8. |
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. |
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| 9. |
Access is limited to one withdrawal of up to 25% of your capital investment without notice or loss of interest prior to maturity (2 January 2010). Closure of the account or further withdrawals are not permitted until the day after maturity (3 January 2010). |
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| 10. |
The Fixed Rate Bond (Issue 10) is a limited issue and may be withdrawn without notice. |
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| 11. |
The fixed interest rates are related to long term market rates at the time of issue. Future fixed rate products may be offered at higher or lower rates depending upon the changes in market conditions. |
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Fixed Rate Bond (Issue 11)
Product Terms and Conditions |
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The Society's General Investment Conditions will apply unless (and to the extent) they are inconsistent
with these Terms and Conditions. |
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| 1. |
The Fixed Rate Bond (Issue 11) is a fixed rate, fixed term account. |
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| 2. |
The Fixed Rate Bond (Issue 11) is not available to non-UK residents, corporate bodies, nominees or minors.
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| 3. |
The Fixed Rate Bond (Issue 11) is limited to one account per customer. |
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| 4. |
The minimum investment and operating balance is £1,000. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts). |
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| 5. |
Additional funds, up to the maximum investment and operating balance of £1,000,000 (£2,000,000 for joint accounts), may be invested whilst the issue remains open for further investment. |
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| 6. |
The Fixed Rate Bond (Issue 11) will mature at close of business on 2 January 2012. On the day after maturity (3 January 2012), the Society will transfer your investment (including interest) to a maturity account. Full details including terms and conditions will be provided before maturity. |
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| 7. |
Interest is calculated daily and paid annually on 2 January, commencing 2 January 2010 and on maturity (2 January 2012), or monthly on the last working day of the month. |
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| 8. |
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. |
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| 9. |
Access is limited to one withdrawal of up to 25% of your initial capital investment without notice or loss of interest prior to maturity (2 January 2012). Closure of the account or further withdrawals are not permitted until the day after maturity (3 January 2012). |
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| 10. |
The Fixed Rate Bond (Issue 11) is a limited issue and may be withdrawn without notice. |
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| 11. |
The fixed interest rates are related to long term market rates at the time of issue. Future fixed rate products may be offered at higher or lower rates depending upon the changes in market conditions. |
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Inflation Buster Bond (issue 11)
Product Terms and Conditions |
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The Society's General Investment Conditions will apply unless (and to the extent) they are inconsistent
with these Terms and Conditions. |
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| 1. |
The Inflation Buster Bond (Issue 11) is a variable rate, fixed term account. |
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| 2. |
The Inflation Buster Bond (Issue 11) is not available to non-UK residents or corporate
bodies. |
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| 3. |
Only one Inflation Buster Bond (Issue 11) is allowed per customer. |
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| 4. |
The minimum investment and operating balance is £1,000. The maximum investment
and operating balance is £1,000,000 (£2,000,000 for joint accounts). |
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| 5. |
Additional funds, up to the maximum investment and operating balance of £1,000,000
(£2,000,000 for joint accounts), may be invested whilst the issue remains open for
further investments. |
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| 6. |
No capital withdrawals are allowed prior to maturity. |
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| 7. |
Interest is calculated daily and paid annually on 28 February (commencing
28 February 2009) and on maturity (28 February 2011). |
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| 8. |
Annual interest can be credited to the account or transferred either to another building
society/bank account or to another account held with the Society. |
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| 9. |
The Inflation Buster Bond (Issue 11) will mature at close of business on 28 February
2011. On the day after maturity (1 March 2011), the Society will transfer your
investment (including interest) to a Society maturity account, details of which will be
sent to you before maturity. |
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| 10. |
The Inflation Buster Bond (Issue 11) is a limited issue and may be withdrawn without
notice. |
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| 11. |
The interest rate applicable to your account from the Strike Date up to and including
28 February 2010 will be calculated as the percentage change between RPI on
30 November 2008 and RPI on 30 November 2009 plus 2.00% Gross* p.a./AER†. The
interest applicable to your account from 1 March 2010 until maturity on 28 February
2011will be calculated as the percentage change between RPI on 30 November 2009
and RPI on 30 November 2010 plus 2.00% Gross* p.a./AER†. |
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Capital
7
Product Terms and Conditions |
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The Society's General Investment Conditions
will apply unless (and to the extent) they are inconsistent
with these Terms and Conditions. |
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| 1. |
Capital 7 is a variable rate account. |
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| 2. |
Capital 7 is not available to non UK residents or corporate bodies. |
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| 3. |
The Capital 7 account is limited to one account per customer. |
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| 4. |
The minimum investment and operating balance is £1. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts). |
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| 5. |
Additional funds, up to the maximum investment and operating balance of £1,000,000 (£2,000,000 for joint accounts), may be invested, whilst the issue remains open for further investment. |
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| 6. |
Interest is calculated daily and paid annually on 30 April or monthly on the last working day of the month. |
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| 7. |
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. |
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Withdrawals or transfers require seven days written notice and are subject to the minimum investment of £1 being maintained. If a withdrawal or transfer is required on less notice then there will be a loss of seven days interest on the amount withdrawn or transferred. There is no limit to the number of withdrawals allowed. If the account falls below £1 at any time, the account will be closed. |
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| 9. |
Where a withdrawal or transfer has not been completed within fourteen days of receipt of the written notice at the Society, then a further notice period of seven days is required. |
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| 10. |
Capital 7 may be withdrawn without notice. |
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Leeds Options Bond (Issue 21)
Individual Account Terms & Conditions |
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The Society's General Investment Conditions
will apply unless (and to the extent) they are inconsistent
with these Terms and Conditions. |
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| 1. |
The Leeds Options Bond (Issue 21) is a fixed rate, fixed term account. |
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| 2. |
The Leeds Options Bond (Issue 21) is not available to corporate bodies, trustees, nominees or non-UK residents. |
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| 3. |
The Leeds Options Bond (Issue 21) is limited to one account per customer. |
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| 4. |
The minimum investment and operating balance is £100. The maximum investment and operating balance is £250,000 (£500,000 for joint accounts), (subject to the initial investment not exceeding 40% of your overall investment, including your investment in Norwich Union’s Portfolio). |
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| 5. |
After the initial investment further deposits cannot be made. |
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The Leeds Options Bond (Issue 21) will mature on 2 January 2010. On maturity, the Society will automatically transfer your investment (including interest) into a Premium Access account. |
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| 7. |
Annual interest is credited to the account. Alternatively, you may choose to have interest paid monthly on the last day of each month. |
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| 8. |
You can make one no notice withdrawal before 2 January 2010, subject to the minimum
operating balance being maintained. If a second withdrawal is required or the balance falls below the minimum operating balance, the account will be closed, without loss of interest. |
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| 9. |
The Leeds Options Bond (Issue 21) may be withdrawn without notice. |
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10. |
Monthly interest must be transferred either to another building society/bank account or to another account held with the Society. 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. |
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| 11. |
You must open a Norwich Union Portfolio at the same time as you open the Leeds Options Bond. A minimum of 60% of your investment must be invested in Norwich Union ’s Portfolio. |
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Premium Access (from 3 January 2010)
Individual Account Terms & Conditions |
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The Society's General Investment Conditions
will apply unless (and to the extent) they are inconsistent
with these Terms and Conditions. |
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| 1. |
Premium Access is a variable rate account. |
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| 2. |
Premium Access is not available to corporate bodies. |
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| 3. |
Premium Access is limited to one account per customer. |
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| 4. |
The minimum investment and operating balance is £100. Two withdrawals are allowed each calendar year, without notice or loss of interest, subject to the minimum investment of £100 being maintained at all times. If a third withdrawal is required during any calendar year, or a withdrawal takes the balance below £100, the account will be closed. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts). |
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| 5. |
Interest is paid annually on 2 January or monthly, paid on the last day of the month. |
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Monthly interest must be transferred either to another building society / bank account (by direct bank transfer) or to another account held with the Society. Annual interest can either be credited to the account or to another account held with the Society or to another building society / bank account by direct bank transfer. |
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Family+ Account
Product Terms and Conditions |
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The Society's General Investment Conditions
will apply unless (and to the extent) they are inconsistent
with these Terms and Conditions. |
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| 1. |
Family+ Instant Account is a variable rate account. |
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| 2. |
Family+ Instant Account is not available to corporate bodies, trustees, executors and non-UK residents. |
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| 3. |
Family+ Instant Account is limited to one account per customer. |
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| 4. |
The minimum operating balance is £100. The minimum investment is £20 per month from a non-Leeds Building Society account. A minimum of £20 per month must be received by standing order and any further payments can be received by standing order, cheque, cash or transfer. |
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The maximum operating balance is £100,000. Standing order deposits must not exceed £2,000 per month. |
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Interest is paid annually on 1 September. |
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Interest can either be credited to the account or to another account held with the Society, or transferred to another building society / bank account by direct bank transfer. |
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| 8. |
Withdrawals are allowed at any time without notice or loss of interest subject to the minimum operating balance of £100 being maintained. |
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| 9. |
At least one Family+ Notice Account must be opened in conjunction with the Family+ Instant Account |
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The Family+ Instant Account may be withdrawn without notice. |
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Family+ Notice
Product Terms and Conditions
These terms & conditions will apply to the Family+ Notice Account (30, 60, 90 and 365 days
notice) |
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The Society's General Investment Conditions
will apply unless (and to the extent) they are inconsistent
with these Terms and Conditions. |
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| 1. |
Family+ Notice Account is a variable rate account. |
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| 2. |
Family+ Notice Account is not available to corporate bodies, trustees, executors and non-UK residents. |
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| 3. |
At least one Family+ Notice Account must be opened and linked to the Family+ Instant Account. |
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The minimum operating balance is £20. The minimum standing order per Family+ Notice Account is £20 per month from the Family+ Instant Account. Payments are not accepted by cash, cheque or transfer, and only one payment per month is allowed into each Family+ Notice Account. |
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The maximum operating balance per Family+ Notice Account is £25,000. The maximum standing order is £2,000 per month from the Family+ Instant account. Only one standing order per month is allowed. |
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Interest can either be credited to the account or to another account held with the Society, or to another building society / bank account by direct bank transfer. |
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| 7. |
Withdrawals from each Family+ Notice Account are determined by the notice period you have chosen, either 30, 60, 90 or 365 days or are subject to 30, 60, 90 or 365 days loss of interest on the amount withdrawn. The minimum operating balance of £20 must be maintained. |
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| 8. |
Interest is paid annually on 1 September. |
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| 9. |
At least one Family+ Notice Account must be opened in conjunction with the Family+ Instant Account. |
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Escalator Tracker
Product Terms and Conditions |
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The Society's General Investment Conditions
will apply unless (and to the extent) they are inconsistent
with these Terms and Conditions. |
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| 1. |
The Escalator Tracker is a variable rate, fixed term account. The annual rate of interest is variable and will be the equivalent of the Bank of England Base Rate plus 0.50% until 30 November 2009. From 1 December 2009 the annual rate of interest will be the equivalent of the Bank of England Base Rate plus 1.75% until 30 September 2010. The monthly rate of interest is variable and will be the equivalent of the Bank of England Base Rate plus 0.25% until 30 November 2009. From 1 December 2009 the monthly rate of interest will be the equivalent of the Bank of England Base Rate plus 1.50% until 30 September 2010. |
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| 2. |
The Escalator Tracker is not available to non-UK residents, executors, trustees, nominees, minors or corporate bodies. |
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| 3. |
The Escalator Tracker is limited to one account per customer. |
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| 4. |
The minimum investment and operating balance is £5,000. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts). |
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| 5. |
Additional funds, up to the maximum investment and operating balance of £1,000,000 (£2,000,000 for joint accounts), may be invested whilst the issue remains open for further investment. |
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| 6. |
The Escalator Tracker will mature at close of business on 30 September 2010. On the day after maturity (1 October 2010), the Society will transfer your investment (including interest) to a maturity account. Full details, including terms and conditions will be provided before maturity. |
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| 7. |
Interest is calculated daily and paid on 30 November (commencing 30 November 2009) and on maturity (30 September 2010) or monthly on the last working day of the month. |
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| 8. |
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. |
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Access is limited to one withdrawal of up to 25% of your initial capital investment without notice or loss of interest until 30 November 2009. From 1 December 2009, withdrawals can be made at anytime without notice or loss of interest, subject to the minimum balance of £5,000 being maintained. If the account falls below £5,000 at any time, the account will be closed. |
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| 10. |
The Escalator Tracker is a limited issue and may be withdrawn without notice. |
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