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Pyramid Max terms and conditions

The initial investment must be a minimum of £1.

The maximum permitted holding is £250,000.

You must be 9 -19 years old to open an account.

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.

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.

Interest rates may change from time to time.

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.

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.
 
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.

Notice of cancellation of this account can be made in person or by written notification.

New members are required to participate in our Charitable Assignment Scheme.

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

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

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


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. Click here to download PDF.

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.

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