Leeds Building Society

If you want to maximise the return on your savings, whilst still having access to your money should you need it, the Mercantile Access Bond could be just what you want.

The Mercantile Access Bond offers you no notice/no penalty access to your funds, together with a great rate guaranteed up to 5.50% Gross§ p.a./AER† until 1 October 2008.

Key features at a glance

Minimum investment: £10,000.
Maximum investment: £250,000 (£500,000 for joint accounts).
When is interest paid? Annual interest is calculated daily and paid on maturity (1 October 2008). Monthly interest is paid on the last working day of each month.
How is interest paid? You can have your interest paid annually or monthly
- Annual interest can be added to the account or transferred either to another building society/bank account or to another account held with the Society.
- Monthly interest must be transferred either to another building society/bank account or to another account held with the Society.
Withdrawals: You can make unlimited withdrawals without notice or penalty, as long as the minimum balance is maintained.

How much interest will I earn?

When will my investment mature?

Your investment will mature on 1 October 2008. On maturity, the Society will transfer your investment (including interest) to the Tracker Gold account. Tracker Gold is a variable rate account, which follows the Bank of England Base Rate less a variable percentage, presently 0.50%. The account offers access to your funds without notice or loss of interest, subject to the minimum balance of £100 being maintained. Full details including Terms and Conditions will be provided before maturity.

Important notes

§ Gross means the rate payable before the deduction of tax .

† AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.

Investments in this account will represent shares in the Society and are subject to the Rules of the Society. Member of the Building Societies’ Association. Leeds Building Society is a participant in the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. Payments under the Scheme are limited to a maximum payment of £31,700, that is 100% of the first £2,000 of an investor’s total shares and/or deposits in a society, and 90% of the next £33,000. Most investors are covered, including individuals and small firms. A small number of categories of share and deposits are not covered, for example deferred shares - permanent interest bearing shares. Although most shares are denominated in sterling, all other currencies are covered. Further details are available on request from the Society. Leeds Building Society is authorised and regulated by the Financial Services Authority.

Leeds Building Society subscribes to the Banking Code which sets out standards of good banking practice for banks and building societies. Details of the Code are available at www.bankingcode.co.uk or in the leaflet "The Banking Code" published by the BBA/BSA. The Society is covered by the Financial Ombudsman Service. Leeds Building Society offers some investment products that may be operated through branches and by post and certain products which can be operated by post only.

The Society’s FSA registration number is 164992.

Other taxes or costs may exist that are not paid by Leeds Building Society.