Leeds Building Society

A great start for young fans of cricket

Leeds Building Society believe that young savers should be given the best start - and what better for cricket fans than a Junior Vikings account?

The account offers a range of benefits, including a great interest rate, and easy access to
your money. So why not open an account for your child or grandchild and give them a
great start.

Key features at a glance

Minimum investment: £10.
Maximum investment: £1,000,000.
When is interest paid? Annually on 01 March.
How is interest paid? Interest is credited to the account.
Withdrawals: Unlimited. Withdrawal conditions apply to account holders aged 17 and under.

How much interest will I earn?

When can I take money out?

Getting your money is simple - we just ask that you keep at least £10 in the account to keep it open. All you need is your passbook and proof of your identity. If you’re under 12, a parent or guardian must sign for any money you take out.

When you’re 12 years old, you can take out up to £250. Any more than that and a parent or guardian must sign for any money you take out.

The maximum number of withdrawals for Junior Vikings savers aged 17 and below is restricted to one in any one week period. Any further withdrawals must be countersigned by a parent or guardian.

What happens when I’m 18?

When you reach 18, the Society will automatically transfer your investment (and the interest earned) into the Society’s White Rose account.

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.