1 Year Fixed Rate Bond (Issue 162)
Summary
Looking for a straightforward investment with the security of a fixed rate? The 1 Year Fixed Rate Bond (Issue 162) from Leeds Building Society could be just what you need!
You’ll earn a competitive rate of interest, fixed until maturity. You can invest any amount you like between £100 and £1,000,000 (£2,000,000 for joint accounts), plus accrued interest credited to the account.
Also, the account couldn’t be easier to run – you can simply operate it through your local branch or by post.
Please note: This fixed rate account is a limited issue and may be withdrawn without notice. Additional funds may be invested whilst the issue remains open for further investment.
Interest rate:
1.50% Gross‡ p.a./AER† (fixed)
Best for:
Secure fixed rate
- Minimum operating balance: £100
- Maximum balance: £1,000,000 (£2,000,000 for joint accounts)
- Operate through branch or post
- Interest paid: on the 2 Aug 2015.
- Withdrawals: withdraw up to 25% of your capital investment without notice or loss of interest, prior to maturity and subject to minimum balance of £100 being maintained.
Why open a fixed rate bond?
- Straightforward savings with security
- Lump sum investments
- Open in branch, online or by post
- Save from £100 to £1,000,000 (£2,000,000 for joint accounts)
| Account name | 1 Year Fixed Rate Bond (Issue 162) |
| Interest rates (AERs) | 1.50% Gross‡ p.a./AER† (Fixed) |
| Tax | The gross rate(s) of interest shown will be payable net of the appropriate rate of income tax (which may be reclaimed by non-taxpayers) or, subject to the required certification, gross. The tax treatment depends on the individual circumstances of each customer and may be subject to change in the future. |
| Bonus | There is no bonus available |
| Withdrawal | Please see detailed information below. |
| Access | Account can be opened through any of our branches, via our website or by post, and can be operated through any of our branches or by post. |
Detailed information
Withdrawal arrangements
Access is limited to withdrawals of up to 25% of your capital investment without notice or loss of interest prior to maturity (2 August 2015) subject to the minimum balance of £100 being maintained. Closure of the account or further withdrawals are not permitted until the day after maturity (3 August 2015).
Minimum and maximum investment and operating balance:
The minimum investment and operating balance is £100 and the maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts), plus accrued interest credited to the account. In the event that the balance falls below the minimum operating balance, the basic investment rate of interest which is currently 0.05% Gross‡ p.a./AER† variable) shall apply.
When is interest paid?
Interest is paid on the 2 August 2015.
How is interest paid?
Interest can either be credited to the account or transferred either to another building society/bank account or to another account held with the Society.
What happens to my investment at maturity?
The 1 Year Fixed Rate Bond (Issue 162) will mature at midnight on 2 August 2015. On the day after maturity (3 August 2015), the Society will transfer your investment (including interest) to an instant access maturity account. Full details including terms and conditions will be provided before maturity.