The Humphrey Club terms and conditions
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.
Conditions of Issue
Interest rates can vary.
The initial investment must be for a minimum of £1.
The maximum permitted holding is £25,000.
Interest is calculated on a daily basis and paid on the 1st January and 1st July.
You 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.
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.
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.
Shares and deposits of the Society are Trustee investments.
At 9 years of age, the young saver may transfer to a Pyramid Max account, which is for young savers aged 9 - 19. When the young saver reaches the age of 20, the Society will write and arrange for the balance to be transferred to another suitable savings account.
Proof of identity is required for all applicants before we can open an account. Please see our 'Proving your Identity' leaflet for full details.
Proof of the minor's identity must also be provided - acceptable documents are: birth certificate, medical card or library card.
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.
New members are required to participate in our Charitable Assignment Scheme.
For further terms and conditions, including information regarding cheque deposits and processing, please click to view the ‘Statement of Practice – Investors’ PDF.
Where required by legislation, interest will be paid or credited after deduction of income tax at the appropriate rate.
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