We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a building society is unable to meet its financial obligations. Most depositors including most individuals are covered by the scheme.
In respect of deposits, a depositor who is eligible is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The limit relates to the combined amount in all the eligible depositor's accounts with the building society, including their share of any joint account, and not to each separate account.
Large companies and small local authorities are also covered by FSCS for compensation up to the limit of £85,000.
Please see our Financial Services Compensation Scheme Information Sheet and Exclusions List which summarises details of the Scheme.
For further information about the compensation provided by the FSCS, see their Guide to how FSCS protect your money or visit www.fscs.org.uk. Alternatively, you can contact us by calling 0800 093 0002 or ask at your local branch.
It is possible to make regular payments into some of our savings accounts. This can be done by standing order.
If you would like to make payments direct to your account, please make these to the account of Leek United Building Society at HSBC Bank plc by quoting the following:
|Account Name:||Leek United Building Society|
|Reference:||Your own 11 digit Leek United account number (found on the first page of your passbook).|
Please note that your Leek United account number must be quoted as the reference in order for the payment to reach your account and the reference must not include any other numbers or characters.
You can transfer from your existing Stocks and Shares or Cash ISA into a new Leek United Cash ISA and we have worked really hard to make this process as simple as possible for you.
It is always a good idea to check with your current provider whether any charges apply for transferring your ISA to another provider.
To transfer your existing ISA to a Leek United Cash ISA, you can book an appointment with your local branch. Alternatively, you can complete an ISA Transfer Form plus an ISA Application Form and post to:
Savings Department, Leek United Building Society, 50 St. Edward Street, Leek, Staffordshire, ST13 5DL.
We would be grateful if you would complete these forms with as much detail as possible to enable us to deal with your application quickly and efficiently for you. We may ask you to provide proof of identification if we cannot verify you electronically.
Once the ISA transfer is complete, our Savings Team will notify you and provide you with your account details, along with other important documents which apply to your ISA.
Leek United aims to be fair and reasonable in its dealings with customers and our 'Statement of Practice for Investors' leaflet sets out important terms and conditions, which apply to all investors.
Please ensure you read and retain the copy given to you when opening your account. Further copies are available from any of our branches or a member of our Savings team on 0800 093 0002.
Savings products are available to UK residents only.
Leek United Building Society branches and agents have a policy restricting the amount which can be withdrawn, in cash and cheque, in any one day.
The cash withdrawal limits are as follows:
At Branch Offices
Account Holder in Person
Daily limit without notice £500
Daily limit with 48 hours notice £5,000
Cheques can be drawn in branch up to a maximum of £250,000. Larger value cheques can be requested from our Customer Service Centre.
The daily withdrawal limit at the following agents is £500:
Cheques can be drawn in our agencies up to a maximum of £250,000. Larger value cheques can be requested from our Customer Service Centre.
In Leek United, we are committed to remaining an independent mutual building society run exclusively for the benefit of members. As a mutual Society with a low risk, sustainable business model, we have no external shareholders to satisfy and so can focus all of our efforts on the provision of value and service to members.
In the past, the independence of the Society was challenged by the activity of speculators, who opened savings accounts in the hope of receiving windfall conversion benefits. As a consequence, new members joining the Society are now subject to our ‘Charitable Assignment Scheme’, details of which can be found in section 32 of our 'Statement of Practice Investors' leaflet.