HomeBuyer Regular Savings
| Summary Box - Key Product Information for our Savings Account | ||||
|---|---|---|---|---|
| Account Name | Variable rate Homebuyer Regular Savings | |||
| Interest rates (AERs) | Gross | Net | AER | |
| £50+ | 3.00% | 2.40% | 3.00% | |
| The interest rate is variable | ||||
| Tax Status | Interest is paid net of income tax at the appropriate rate. | |||
| Conditions for rewards |
No bonus is payable but there are added rewards depending upon your account balance at the time your mortgage completes, which are: |
|||
| Withdrawal arrangements | No withdrawals are permitted other than for house purchase. The account can be closed with 90 days loss of interest. |
|||
| Access | Via branch, agency or post. | |||
These rates apply from 1st February 2012.
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.
Product features
- A variable rate of interest
- Cashback and other incentives available depending upon account balances
- Withdrawals and closures are not normally allowed
- Regular monthly payments from £50 to £1,000 (please make cheques payable to yourself not Leek United)
- Multiple accounts are not allowed
- Accounts can be held in joint names
Terms and conditions relating specifically to this account must be read in conjunction with our Statement of Practice Investors leaflet, which details generic terms and conditions relating to all our savings accounts.
Download an application form PDF - please complete both sides of the form and return
Please make cheques payable to yourself not Leek United
Details of the Financial Services Compensation Scheme can be found in the 'Other Information' section on the left of this page.
Regular savings
| Summary Box - Key Product Information for our Savings Account | ||||
|---|---|---|---|---|
| Account Name | Variable rate Regular Savings | |||
| Interest rates (AERs) | Gross | Net | AER | |
| Regular savings | ||||
| With Bonus | £25+ | 3.50% | 2.80% | 3.50% |
| Without Bonus | £25+ | 3.00% | 2.40% | 3.00% |
| The interest rate is variable | ||||
| Tax Status | Interest is paid net of income tax at the appropriate rate. | |||
| Conditions for bonus payments | A 0.50% interest bonus payment for 1 withdrawal per anniversary year or less. | |||
| Withdrawal arrangements | Withdrawals are permitted (£25 must be left in the account for it to remain open). | |||
| Access | Via branch, agency or post. | |||
These rates apply from 21 September 2011.
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.
Product features
- A variable rate of interest
- The bonus is payable for 1 withdrawal per anniversary year or less.
- Withdrawals and closures are allowed. Bonuses are not paid upon closure if the account is closed on a non anniversary date
- Unlimited regular, level payments from £25 to £500 (please make cheques payable to yourself not Leek United)
- Multiple accounts can be held
- Accounts can be held in joint names
Terms and conditions relating specifically to this account must be read in conjunction with our Statement of Practice Investors leaflet, which details generic terms and conditions relating to all our savings accounts.
Download an application form PDF - please complete both sides of the form and return
Please make cheques payable to yourself not Leek United
Details of the Financial Services Compensation Scheme can be found in the 'Other Information' section on the left of this page.
PDF documents will open in a new window. Most computers will open PDFs automatically, but you may need to download Adobe Acrobat Reader. Download the reader here.
