It’s flexible, so you can save a smaller amount or something larger*. There’s no commitment to save the same amount every month. Just enjoy saving for the future at a pace that suits you, even if your circumstances change.
Whether it’s for holidays, Christmas, your first car, gap year or your children’s university fees, just make payments and watch your savings grow.
Opening an account is easy
Ways to save
* T&Cs apply
^ Simply pick up a Standing Order Mandate from your local branch or visit: leekunited.co.uk/savings/regular-payments-by-standing-order/
|Summary Box - Key Product Information|
|Account Name||Flexible Saver Account|
|What is the interest rate?||
1.35% Gross* / AER**
|Can Leek United Building Society change the interest rates?||
The interest rate on this account is variable.
|What would the estimated balance be after 12 months based on a monthly deposit of £83.33?||
Based on a regular monthly deposit of £83.33, the estimated balance after 12 months is £1,007.30. This projection is provided for illustration purposes only and assumes that each deposit is made on the first day of each calendar month, no further deposits are made in that month and there is no change to the interest rate.
|How do a I open and manage my account?||
The account can be opened in person at one of our branches, agencies or via post.
|Can I withdraw money?||
Withdrawals are not allowed during the 12 month period of the account. Upon the anniversary of the account, the total balance must be withdrawn or transferred to another account. Closure is permitted at any time without penalty.
After the initial deposit, you don’t have to make a deposit each month. The maximum you can increase your balance by each calendar month is £1,000.
The above rates are applicable from 16 April 2020.
* Gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
** 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.
For full terms and conditions for this product please click here.HOW TO APPLY