This account might be right for you if you:
A Fixed Rate, Fixed Term Bond offers a higher rate of interest as your money is ‘locked-in’ for a specific amount of time.
The interest rate on this Bond is fixed until the Bond maturity date.
Leek Building Society will not change the interest rate on this account.
Based on a deposit of £1,000 the estimated balance after 12 months is £1,035.00. This projection assumes that the amount of £1,000 is deposited in the Bond at the time it is opened and that no further deposits or withdrawals are made for the full interest period and is based on interest paid annually.
This projection is provided for illustration purposes only.
The account can be opened in person at one of our branches, online or via post.
You can pay into this account for 14 days after the account is opened. After this, your account will be closed to further deposits. If we don't receive your first payment within 14 days, the account will be closed.
The account must be opened with a minimum deposit of at least £1,000. A maximum of £250,000 can be held in the account.
Available to UK residents only.
Withdrawal of funds will only be permitted in exceptional circumstances and at the discretion of the Society.
The account is a Fixed Term Savings Bond for a period of five years from the date the Bond is opened.
Additional deposits are not allowed during the term of the bond.
Once selected the frequency of interest payments cannot be changed between annual and monthly.
You will be contacted shortly before maturity of the 5 Year Fixed Rate, Fixed Term Bond to ascertain your requirements. The capital and interest must be withdrawn and you will be asked to choose whether you wish to:
If no instructions are received, the capital and interest will be transferred to the Society’s Easy Access Saver or equivalent.
Further details regarding the Easy Access Saver or equivalent will be issued prior to maturity of the 5 Year Fixed Rate, Fixed Term Savings Bond.
The above rates are applicable from 16 March 2024.
¹ Gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
² AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded annually.
In some circumstances, customers will be required to pay tax on interest earned. Please contact HM Revenue & Customs for further information or view their website.
The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change.
Before you apply please ensure you’ve read the summary box and the terms and conditions of the account.
You can apply for this account either by post or by visiting your local branch.
We're always happy to help you, whatever your query. You can contact us via phone, online enquiry or pop into any of our branches.
Monday - Friday 9am - 5pm
For dedicated mortgages, savings, insurance and financial planning numbers, visit our contact hub here.
