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Humphrey Club

Humphrey Club

If you are under 9 years old, you can join the Humphrey Club and open one of our Young Savers Accounts.

We will give you interest on your savings, which means extra money in your account and the more you save, the more interest you will receive.

What’s more, because we give you a passbook you can see exactly how much money has been saved.

You only need £1 to join and can save up to £25,000.  When you reach the age of 9, you can transfer to our Pyramid Max account.

The Humphrey Club account can be opened and operated on behalf of a young saver by parents or grandparents.  Please contact our Savings team for more information on how to do this.

Please note Any account opened after 25 May 2018 cannot be operated in the sale name of a child.

Summary Box - Key Product Information
Account Name Humphrey Club Savings Account
What is the interest rate?

Annual interest
£1+

 

 
1.75% Gross* / 1.76% AER**

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

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 for investors 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 £1,017.60,  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 a I open and manage my account?

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

The account must be opened with a minimum deposit of at least £1.  A maximum of £25,000 can be held in the account.

Available to UK residents only.

Can I withdraw money?

Withdrawals can be made subject to standard branch and agency withdrawal limits.

Withdrawals will not be allowed without the passbook.

Additional information

Any account opened after 25 May 2018 cannot be operated in the sale name of a child.

Available for children up to the age of 9 years old.  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.

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

The above rates are applicable from 2 October 2018.

*  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 terms and conditions relating to the Humphrey Club Savings Account click here.

How do I apply?

What next?

View our interest rates


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Savings Fees and Charges


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Proving your Identity


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Savings application forms


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