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Totally Locally Leek Affinity Account

Totally Locally Leek Affinity Account

Benefit from a 0.20% Gross¹/AER² variable interest rate.

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Open a Leek United Totally Locally Leek Affinity Account and you'll be supporting Leek's independent retailers, as well as saving for your own future.

We are proud to have teamed up with Totally Locally, an award-winning social enterprise and 'shop local' movement that supports independent retailers in Leek.

The campaign helps promote the value of local shopping, celebrates our high street, creates community events and ultimately lifts the local economy. And it's more than just a 'shop local' campaign, it's about working together to promote the entire town.

For more information on Totally Locally Leek, visit totallylocally.org.

Summary Box - Key Product Information

What is the interest rate?

Annual interest
£1+ 0.20% Gross¹/AER²
£500+ 0.20% Gross¹/AER²
£5,000+ 0.20% Gross¹/AER²
£10,000+ 0.20% Gross¹/AER²
£25,000+ 0.25% Gross¹/AER²
Interest is calculated daily and paid annually on 1 January.
   
Monthly interest
£5,000+ 0.20% Gross¹/AER²
£10,000+ 0.20% Gross¹/AER²
£25,000+ 0.25% Gross¹/AER²
Interest is calculated daily and paid monthly on the first of the month.

Can Leek United Building Society change the interest rates?

The interest rate on this account is variable.

Leek United Building Society has the right to change interest rates in certain circumstances. Please see the Society's Statement of Practice Investors leaflet which provides further information on these circumstances.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Based on a deposit of £1,000 the estimated balance after 12 months is £1,002.00. This projection assumes that the amount of £1,000 is deposited in the account at the time it is opened and that no further deposits or withdrawals are made for the full interest period.

This projection is provided for illustration purposes only.

How do I open and manage my account?

The account can be opened in person at one of our branches or by post.

The account must be opened with a minimum deposit of at least £1. A maximum of £250,000 can be held in the account.

Available to UK residents only.

Account restricted to one per customer.

Can I withdraw money?

Withdrawals can be made subject to standard branch withdrawal limits.

Withdrawals will not be allowed without the passbook.

Additional information

If your balance is above £5,000 you can request your interest is paid monthly.

The above rates are applicable from 14 March 2022.

¹ Gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).

² AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

In some circumstances, customers will be required to pay tax on interest earned. Please contact HM Revenue & Customs for further information or view their website.

The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change.

Apply now

You can apply for this account either by post or by visiting your local branch.

To open this account by post, please follow these simple steps:

  1. For your own benefit and protection, please read all the account terms and conditions carefully, then download and print the application form below:

    Savings account application form

  2. Please read the important information below before you open your account:

    FSCS Sheet

    Statement of practise investors

    Saving fees and charges

  3. Complete your savings application form and post it, along with your cheque deposit (made payable to the account holder) to:

    Savings Department, 50 St. Edward Street, Leek Staffordshire, ST13 5DL

     

To apply for this account in branch, get in touch and book an appointment with us.
 

We may ask you to provide ID to confirm your name and address. To assist you, we try to verify this electronically. If we are unable to, we would require your paper documentation instead. For a full list of what documents are acceptable, please read our Proving your identity leaflet by clicking here.

You will also need to bring a cheque or cash for at least the minimum investment to open the account.