Leeds Building Society

A no nonsense cheque account with high interest & free banking

The Albion Cheque Account from Leeds Building Society is a straightforward account, offering a great rate of interest coupled with free banking - and you get easy access to your money with the cheque book and £250 cheque guarantee card. Plus, it provides free banking regardless of the number of transactions you make.

Key features at a glance

Minimum investment: £2,500.
Maximum investment: £1,000,000.
When is interest paid? Annually on 1 June.
How is interest paid? Interest is credited to the account.
Withdrawals: Immediate withdrawal with no notice and no loss of interest. Direct Debit, standing order, bill payment and direct transfer facilities available.

How much interest will I earn?

Open an account and earn interest straight away

The Albion Cheque Account is as easy to open as it is to operate. You can open the account with a deposit of £2,500 (which is the minimum opening and operating balance for the account) or more, either by post or at your local Leeds Building Society branch. Cash transactions can’t be accepted on this account (one of the reasons we can offer higher interest).

The rate of interest reflects the amount of money held in the account and our rates
get higher as the balance on the account grows - the higher the balance, the higher the interest rate. When the balance moves to a higher (or lower) band the interest rate that applies is paid on the whole balance on the account.
In a nutshell you’ll get:
· A great rate of interest
· Easy access to your money
· Cheque book and £250 cheque guarantee card - great for larger purchases
· Direct Debit and standing order facilities
· Monthly statements by post
· Free banking for day to day use
· No catches - there’s no commitment for regular deposits to be made
· A long standing commitment to the best customer service - from your local
branch or by post.
Find out how you can use your Albion Cheque Account.
Free banking - you won’t have to pay a penny

No matter how many transactions you make by cheque, standing order or Direct
Debit, you will not be charged for the day to day operation of your account. The only time you may attract charges is for some ancillary services and when the account operates outside the agreed terms and conditions. These are outlined in the Tariff of Charges section.

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 £35,000, that is 100% of the first £35,000 of an investor’s total shares and/or deposits in a society. Most investors are covered, including individuals and small firms. A small number of categories of shares 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.