The Humphrey Club terms and conditions

Terms and Conditions relating specifically to The Humphrey Club

These terms and conditions must be read in conjunction with our Statement of Practice Investors leaflet, which details generic terms and conditions relating to all of our savings accounts.

The initial investment must be for a minimum of £1.

You can add to this at any time up to a maximum £25,000.

You must be under 9 years old to open an account.

Interest rates can vary.

Interest is calculated on a daily basis and paid on the 1st January and 1st July.

Where required by legislation, interest will be paid or credited after deduction of income tax at the appropriate rate.

If the account is in the sole name of the young saver rather than a trustee, the Society will not allow any withdrawals unless it is satisfied the young saver is capable of understanding the transaction.

Customers have a 14 day period in which to cancel their investment. Day 1 = the first day after the initial receipt. Day 14 = the last day of the cooling off period. No charge will be made for the cancellation. The Society will assist in changing the account or refund the capital plus accrued interest.

When the young saver reaches the age of 18, the Society will write and arrange for the balance to be transferred to another suitable savings account.  If no instructions are received we will automatically transfer the funds to an instant access Pyramid Share account.

Proof of the minor's identity must be provided - acceptable documents are: birth certificate, medical card or library card.


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