Leeds Building Society

Competitive high interest rate account with easy access and exceptional branch service….

Annual interest Rate of: 4.65% gross§/AER† p.a. (Variable)
Monthly interest Rate of: 4.40% gross§/4.49% AER† p.a. (Variable)

The interest rate payable on the account is guaranteed not to be less than 1% below Bank of England base rate until 1 September 2010.

The account is available to people aged 50 years and above, and will require at least one direct pension credit to be paid into the account on a regular basis (i.e. weekly/monthly). However, lump sums can also be added.

The Flexible Freedom account is operated through your local branch which also brings you all the benefits of our professional, friendly service. Every time you drop into your local branch we’ll be happy to give you advice on your account - no appointment required!

Key features at a glance

Minimum investment: £500. One direct pension credit must be paid into the account each month.
Maximum investment: £1,000,000 (£2,000,000 for joint accounts).
When is interest paid? Interest is calculated daily and paid either annually on 1
September (commencing 1 September 2006) or monthly 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: Withdrawals can be made with easy access - without notice or loss of interest - at any branch by cash or cheque provided the minimum operating balance of £500 is maintained and the maximum branch cash withdrawal limit of £300 is not exceeded.

How much interest will I earn?

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.