Regular Savings terms and conditions
The account is a regular savings plan for a fixed period of one year from the date the account is opened. The interest rate is fixed.
Only one account is permitted per customer. Joint accounts are allowed.
Your initial deposit must be at least £25, up to a maximum of £250.
Once the initial deposit has been made, subsequent payments to the account must be of the same value as the initial deposit. Variations in monthly deposit amounts cannot be accepted.
If subscriptions cease, or amounts are varied, we reserve the right to convert your account to the Society's Pyramid Share account at the interest rate applicable at the time.
This is a limited issue account. The Society reserves the right to close the issue without notice.
Early closure of this account is not allowed.
Withdrawals prior to maturity are not allowed.
The Society will contact you prior to the maturity of your account to confirm the investment options available at that time. If the Society does not receive any maturity instructions, your account will be automatically converted to an Instant Access Pyramid Share Account.
Interest is calculated on a daily basis, and paid to the account on maturity. Please note that where deposits are made by cheque (other than Society cheque) interest will not begin to be earned until 2 calendar days after the date of receipt.
Where required by legislation, interest will be paid or credited after deduction of income tax at the appropriate rate.
Tax assumptions are those currently applicable and are subject to statutory change.
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.
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.
If you wish to make a complaint against the Society please read our 'Getting it Right?' PDF.
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: 19 December 2008
Only one account is permitted per customer. Joint accounts are allowed.
Your initial deposit must be at least £25, up to a maximum of £250.
Once the initial deposit has been made, subsequent payments to the account must be of the same value as the initial deposit. Variations in monthly deposit amounts cannot be accepted.
If subscriptions cease, or amounts are varied, we reserve the right to convert your account to the Society's Pyramid Share account at the interest rate applicable at the time.
This is a limited issue account. The Society reserves the right to close the issue without notice.
Early closure of this account is not allowed.
Withdrawals prior to maturity are not allowed.
The Society will contact you prior to the maturity of your account to confirm the investment options available at that time. If the Society does not receive any maturity instructions, your account will be automatically converted to an Instant Access Pyramid Share Account.
Interest is calculated on a daily basis, and paid to the account on maturity. Please note that where deposits are made by cheque (other than Society cheque) interest will not begin to be earned until 2 calendar days after the date of receipt.
Where required by legislation, interest will be paid or credited after deduction of income tax at the appropriate rate.
Tax assumptions are those currently applicable and are subject to statutory change.
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.
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.
If you wish to make a complaint against the Society please read our 'Getting it Right?' PDF.
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: 19 December 2008