Regular Savings
| Summary Box - Key Product Information for our Savings Account | ||||
|---|---|---|---|---|
| Account Name | Regular Savings | |||
| Interest rates (AERs) | Gross | Net | AER | |
| Regular Savings | ||||
| 1 Year £25+ | 2.75% | 2.20% | 2.75% | |
| The interest rate is fixed for a term of one year. | ||||
| Tax Status | Interest is paid net of income tax at the appropriate rate. | |||
| Conditions for bonus payments | No bonus payment is payable. | |||
| Withdrawal arrangements | No withdrawals are permitted during the one year term. | |||
| Access | Via branch or post. | |||
These rates apply from 16 March 2010.
Gross % rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
The 'net rate' is the rate of interest which would be payable after allowing for the deduction of income tax at the specified rate.
AER % rate stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Gross % rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
The 'net rate' is the rate of interest which would be payable after allowing for the deduction of income tax at the specified rate.
AER % rate stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Download our latest interest rates
Product features
- A fixed rate for a fixed term of one year
- No early closure/withdrawals allowed
- 12 regular, level payments from £25 to £250
- Strictly limited to one account per customer
- If you save the maximum of £250 per month, at the above rate, for the whole 12 months, you will get back the £3,000 you have put in, plus £44.87 in interest (gross). Please note, the actual amount of interest earned will depend upon when your monthly payments are received.
The terms and conditions below MUST BE READ in conjunction with our 'Statement of Practice Investors' leaflet (click here to view), which details generic terms and conditions relating to all our savings accounts.
For full terms and conditions, click here.
For full terms and conditions, click here.
Download an application form - please return BOTH sections of the form
If you wish to make regular payments into your Leek United regular savings account once it has been opened, why not do this by setting up a standing order - it's quick and easy to do.
Simply use the link below to download a standing order form.
Simply use the link below to download a standing order form.
Download a standing order mandate
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