Pyramid Max terms and conditions
Terms and Conditions relating specifically to Pyramid Max
These terms and conditions must be read in conjunction with our
Statement of Practice Investor leaflet, which details generic terms and conditions relating to
all of our savings accounts.
The initial investment must be a minimum of £1.
You can add to this at any time, up to a maximum of £250,000.
You must be 9 -19 years old to open an account.
You can withdraw part or all of your savings at any time without losing any of the interest you have earned (depending on the withdrawal limits of the branch or agency where you make your withdrawal).
When you become 20, we will contact you and advise you of the options available and how you can transfer your account.
If no instructions are received we will automatically transfer the funds to a new Pyramid Share account.
Interest rates can vary.
Interest is calculated on a daily basis and is credited on the 1st January each year.
Interest can be added to your account, transferred to a different Leek United account or transferred to a bank account.
Where required by legislation, interest will be paid or credited after deduction of income tax at the appropriate rate.
Proof of the minor's identity must be provided - acceptable documents are: birth certificate, medical card or library card.
Customers have a 14 day period in which to cancel their Pyramid Max 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.
Tax assumptions are those currently applicable and are subject to statutory change.
Dated: November 2009
Details of the Financial Services Compensation Scheme can be found in the 'Other Information' section on the left of this page.
If you wish to make a regular payment
If you wish to make a regular payment into your Leek United savings account, once it has been opened, why not do this by setting up a standing order - it's quick and easy to do.
Simply quote the three sets of digits, shown below, to your bank and they will be able to make the payments direct to your Leek United account from a date specified by yourself.
Sort Code: 40-28-01
Account Number: 11012258
Roll/reference number: your own 11 digit Leek United account number (found on the first page of your passbook)
Please ensure that all three sets of digits are quoted otherwise your payment will not be credited directly to your account.
