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Pyramid Share terms and conditions

Conditions of Issue

Your initial investment must be at least £100. You can add to this up to a maximum of £250,000.

You will have instant access to your money without any loss of interest, subject to branch and agency withdrawal limits.

Cash withdrawal is limited to £500 per day. At least 24 hours notice is required for any amount over £500.

Interest rates can vary.

Interest may be added to the account, transferred to another account with us or paid directly to your bank.

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.

If there are insufficient funds to pay direct debits a charge will be levied.

Conditions of Issue may vary from time to time at the discretion of the Society's Directors.

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 calculated on a daily basis and paid on 1 January or monthly on the 1st of each month.

For further terms and conditions, including information regarding cheque deposits and processing please click to view the Statement of Practice – Investors PDF.

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' 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

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