Performance Bond terms and conditions
Conditions of Issue
The account is for a fixed term of 1, 2 or 3 years.
Your initial investment must be at least £2,000, up to a maximum of £250,000.
Interest is calculated on a daily basis and is payable either annually on 1st January and on maturity, or monthly on 1st of each month.
Payment is by BACS or by transfer to an existing account within the Society or capitalised to your account and withdrawn on an instant access basis if required. On maturity, interest will be added to the account.
Interest rates can vary.
Proof of identity is required for all applicants before we can open an account. Please click here to see our 'Proving your Identity' leaflet for full details.
Customers have a 14 day period in which to cancel their investment. Day 1 - the first day after initial receipt. Day 14 - last day of cooling off period. No charge will be made for cancellation. The Society will assist in changing the account or refund the capital plus accrued interest.
Conditions of Issue may vary from time to time at the discretion of the Society’s Directors.
For further terms and conditions, including information regarding cheque deposits and processing, please click to view the ‘Statement of Practice – Investors’ PDF.
These conditions are subject to the Rules of the Society, a free copy of which is available on request. Click to contact us.
New members are required to participate in our Charitable Assignment Scheme.
Your initial investment must be at least £2,000, up to a maximum of £250,000.
Interest is calculated on a daily basis and is payable either annually on 1st January and on maturity, or monthly on 1st of each month.
Payment is by BACS or by transfer to an existing account within the Society or capitalised to your account and withdrawn on an instant access basis if required. On maturity, interest will be added to the account.
Interest rates can vary.
Proof of identity is required for all applicants before we can open an account. Please click here to see our 'Proving your Identity' leaflet for full details.
Customers have a 14 day period in which to cancel their investment. Day 1 - the first day after initial receipt. Day 14 - last day of cooling off period. No charge will be made for cancellation. The Society will assist in changing the account or refund the capital plus accrued interest.
Conditions of Issue may vary from time to time at the discretion of the Society’s Directors.
For further terms and conditions, including information regarding cheque deposits and processing, please click to view the ‘Statement of Practice – Investors’ PDF.
These conditions are subject to the Rules of the Society, a free copy of which is available on request. Click to contact us.
New members are required to participate in our Charitable Assignment Scheme.
One Year Bond
Once you have acquired a One Year Performance Bond you cannot add to it. No withdrawals will be allowed.
Two Year Bond
Once you have acquired a Two Year Performance Bond you cannot add to it. No withdrawals will be allowed during the first year but will be permitted during the second year subject to 90 days loss of interest.
Three Year Bond
Once you have acquired a Three Year Performance Bond you cannot add to it. No withdrawals will be allowed during the first or second year but will be permitted during the third year subject to 90 days loss of interest.
If you wish to make a complaint against the Society please read our 'Getting it Right' leaflet.
Leek United is a participant in the Financial Services Compensation Scheme. Details of the scheme are available from www.fscs.org.uk (this is an external site).
Dated: 1 December 2007
Leek United is a participant in the Financial Services Compensation Scheme. Details of the scheme are available from www.fscs.org.uk (this is an external site).
Dated: 1 December 2007