These terms and conditions below must be read in conjunction with our Statement of Practice Investors leaflet, which details generic terms and conditions relating to all of our savings accounts along with the terms and conditions of issue insert for this account.
Faster Payments can be made from your account which are subject to a limit. Incoming Faster payments can also be made to the account.
Your initial investment must be at least £1. You can add to this up to a maximum of £250,000.
Interest rates can vary.
If your balance is above £5,000 you can have interest paid monthly.
Interest is calculated on a daily basis and paid on 1 January each year or monthly on the 1st of each month.
Interest may be added to the account, transferred to another Leek United Building Society account or paid direct to your bank account.
If there are insufficient funds to pay direct debits a charge will be levied. See our 'Savings fees and charges' leaflet for details.
Once you have opened your Easy Access Pyramid Share Account, you have 14 calendar days after the account has opened to notify us that you wish to change your mind. If you notify us within this time, we will help you transfer to another of our accounts or (assuming we have received cleared funds) give you back your money together with any interest it has earned. We will ignore any notice period and any charges which would usually apply.
Tax assumptions are those currently applicable and are subject to statutory change.
For details relating to the Financial Services Compensation Scheme please click here.
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.
To open an Easy Access Pyramid Share Savings Account, please complete and return a savings application form to:
Leek United Building Society
50 St Edward Street
Together with proof of identity – for details of what is required, please see our ‘Proving Your Identity’ web page.Proving your identity