High Interest Pyramid 90 terms and conditions
Conditions of Issue
Your initial investment must be at least £1,000. You can add to this up to a maximum of £250,000.
If your balance falls below £1,000, you will receive interest at our ‘Ordinary Share Account’ rate and if you receive interest monthly this may revert to being paid annually.
You’ll have instant access to your money without any loss of interest, providing at least £10,000 remains in your account after any withdrawal.
If your balance falls below £10,000, you can withdraw or transfer all or part of your investment without loss of interest as long as we receive 90 days written notice.
If your balance falls below £10,000 and you give us at least 30 days notice before withdrawing all or part of your investment, you will only lose 30 days interest on the amount withdrawn, or if the account has not been open for 30 days, you will lose interest for as many days as the account has been open.
If your balance is below £10,000 and you need instant access to all or part of your investment, you will lose 90 days interest on the amount withdrawn or if the account has not been open for 90 days, you will lose interest for as many days as the account has been open.
Penalty interest is only applicable to that element of a withdrawal, transfer or closure which takes the account balance below £10,000.
All withdrawals are subject to branch and agency withdrawal limits.
Interest rates can vary.
If there are insufficient funds to pay direct debits, a charge will be levied.
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.
Where required by legislation, interest will be paid or credited after deduction of income tax at the appropriate rate.
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.
Interest is payable either annually on 1st January, or monthly on 1st of each month. Payment 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.
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 in 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
If your balance falls below £1,000, you will receive interest at our ‘Ordinary Share Account’ rate and if you receive interest monthly this may revert to being paid annually.
You’ll have instant access to your money without any loss of interest, providing at least £10,000 remains in your account after any withdrawal.
If your balance falls below £10,000, you can withdraw or transfer all or part of your investment without loss of interest as long as we receive 90 days written notice.
If your balance falls below £10,000 and you give us at least 30 days notice before withdrawing all or part of your investment, you will only lose 30 days interest on the amount withdrawn, or if the account has not been open for 30 days, you will lose interest for as many days as the account has been open.
If your balance is below £10,000 and you need instant access to all or part of your investment, you will lose 90 days interest on the amount withdrawn or if the account has not been open for 90 days, you will lose interest for as many days as the account has been open.
Penalty interest is only applicable to that element of a withdrawal, transfer or closure which takes the account balance below £10,000.
All withdrawals are subject to branch and agency withdrawal limits.
Interest rates can vary.
If there are insufficient funds to pay direct debits, a charge will be levied.
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.
Where required by legislation, interest will be paid or credited after deduction of income tax at the appropriate rate.
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.
Interest is payable either annually on 1st January, or monthly on 1st of each month. Payment 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.
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 in 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