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Notice Accounts Through Leek United

Pyramid 90 - Notice Account

With a Pyramid 90 account, the rate of interest rises as your balance reaches certain levels.

We will automatically adjust the rate as your savings reach the following bands;

£1000 - £9,999    £10, 000 - £24, 999    £25, 000 - £49,999

£50, 000 - £99, 999    £100, 000 - £250, 000

Save up to £250,000 with an opening investment of at least £1000.

Withdrawals on balances which remain above £10,000 can be made without loss of interest.  Withdrawals can also be made on balances less than £10,000 subject to 30 or 90 days notice being provided to the Society.

 

Summary Box - Key Product Information for our Pyramid 90 Savings Account
Account Name Pyramid 90
Interest rates (AERs)   Gross AER
  Interest paid annually
  £1,000+ 0.10% 0.10%
  £10,000+ 0.10% 0.10%
  £25,000+ 0.10% 0.10%
  £50,000+ 0.25% 0.25%
  £100,000+ 0.50% 0.50%
  Interest paid monthly
  £1,000+ 0.10% 0.10%
  £10,000+ 0.10% 0.10%
  £25,000+ 0.10% 0.10%
  £50,000+ 0.25% 0.25%
  £100,000+ 0.50% 0.50%
Tax Status Interest is paid gross.
Conditions for bonus payments No bonus payment is payable.
Withdrawal arrangements If the balance falls below £10,000 and you:
- Require access to your funds, withdrawals are allowed subject to 90 days loss of interest. However, if you
- Give 30 days notice, withdrawals are allowed subject to 30 days loss of interest on the amount being withdrawn
- Give 90 days notice, withdrawals are allowed without loss of interest
Please note, if your account has been open less than 30 or 90 days, loss of interest will only apply on how many days the account has been open.
If your balance does not fall below £10,000, there are no restrictions on withdrawals, subject to branch or agency withdrawal limits.
Access Via branch or post.

Rates apply from 2 October 2016.

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 relating to our Pyramid 90 savings account, click here.

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