This section sets out the individual account Terms & Conditions.
You must also read the General Investment Conditions, as
these apply to your account.
If there is a conflict between the General Conditions and the Product Conditions then the Product Conditions will take precedence.
Although this is an online document, and therefore you can easily return to this page for future reference, you may wish to print this section of this page, along with the relevant terms and conditions section and product page.
6 Month Fixed Rate Bond
Individual Account Terms & Conditions |
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The Society's General Investment Conditions
will apply unless (and to the extent) they are inconsistent
with these Terms and Conditions. |
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| 1. |
The 6 Month Fixed Rate Bond (Issue 2) is a fixed rate, fixed term account. |
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| 2. |
The 6 Month Fixed Rate Bond (Issue 2) is not available to non-UK residents or corporate bodies. |
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| 3. |
The 6 Month Fixed Rate Bond (Issue 2) is limited to one account per customer. |
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| 4. |
The minimum investment and operating balance is £100. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts). |
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| 5. |
Additional funds, up to the maximum investment and operating balance of £1,000,000 (£2,000,000 for joint accounts), may be invested whilst the issue remains open for further investment. |
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| 6. |
The 6 Month Fixed Rate Bond (Issue 2) will mature at close of business on 1 October 2008. On the day after maturity (2 October 2008), the Society will transfer your investment (including interest) to the Maturity Tracker Bond (Issue 10). Full details are provided below. |
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| 7. |
Interest is calculated daily and paid on maturity (1 October 2008). |
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| 8. |
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. |
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| 9. |
Access is limited to one withdrawal of up to 50% of your initial capital investment without notice or loss of interest prior to maturity (1 October 2008). Closure of the account or further withdrawals are not permitted until the day after maturity (2 October 2008). |
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| 10. |
The 6 Month Fixed Rate Bond (Issue 2) is a limited issue and may be withdrawn without notice. |
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Maturity Tracker Bond (Issue 10)
Effective from 2 October 2008 |
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The Society's General Investment Conditions
will apply unless (and to the extent) they are inconsistent
with these Terms and Conditions. |
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| 1. |
The Maturity Tracker Bond (Issue 10) is a variable rate, fixed term account. The rate of interest is variable and will be the equivalent of the Bank of England Base Rate until maturity (31 March 2010). |
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| 2. |
The Maturity Tracker Bond (Issue 10) is not available to non-UK residents or corporate bodies. |
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| 3. |
The Maturity Tracker Bond (Issue 10) is limited to one account per customer. |
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| 4. |
The minimum investment and operating balance is £100. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts). |
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| 5. |
Additional funds, up to the maximum investment and operating balance of £1,000,000 (£2,000,000 for joint accounts), may be invested, whilst the issue remains open for further investment. |
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| 6. |
The Maturity Tracker Bond (Issue 10) will mature at close of business on 31 March 2010. On the day after maturity (1 April 2010), the Society will transfer your investment (including interest) to another maturity account. Full details including terms and conditions will be provided before maturity. |
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| 7. |
The interest rate payable is guaranteed to track the Bank of England Base Rate until maturity (31 March 2010). In accordance with this guarantee, changes to the Bank of England Base Rate will be passed on from the first day of the following month. |
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| 8. |
Interest is calculated daily and paid annually on 31 March (commencing 31 March 2009) and on maturity (31 March 2010). |
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| 9. |
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. |
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10. |
Withdrawals can be made at anytime, without notice or loss of interest, subject to the minimum balance of £100 being maintained. If the account falls below £100 at any time, the account will be closed. |
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| 11. |
The Maturity Tracker Bond (Issue 10) is a maturity account only and is not available to new customers. |
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Fixed Rate Bond (Issue 1)
Individual Account Terms & Conditions |
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The Society's General Investment Conditions will apply unless (and to the extent) they are inconsistent
with these Terms and Conditions. |
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| 1. |
The Fixed Rate Bond (Issue 1) is a fixed rate, fixed term account. |
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| 2. |
The Fixed Rate Bond (Issue 1) is not available to non-UK residents, corporate bodies or minors. |
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| 3. |
The Fixed Rate Bond (Issue 1) is limited to one account per customer. |
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| 4. |
The minimum investment and operating balance is £100. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts). |
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| 5. |
Additional funds, up to the maximum investment and operating balance of £1,000,000 (£2,000,000 for joint accounts), may be invested whilst the issue remains open for further investment. |
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| 6. |
The Fixed Rate Bond (Issue 1) will mature at close of business on 1 May 2009. On the day after maturity (2 May 2009), the Society will transfer your investment (including interest) to a maturity account. Full details including terms and conditions will be provided before maturity. |
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| 7. |
Interest is calculated daily and paid on maturity (1 May 2009), or monthly on the last working day of the month. |
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| 8. |
Annual 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. Monthly interest must be transferred either to another building society/bank account or to another account held with the Society. |
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| 9. |
Access is limited to one withdrawal of up to 25% of your initial capital investment without notice or loss of interest prior to maturity (1 May 2009). Closure of the account or further withdrawals are not permitted until the day after maturity
(2 May 2009). |
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| 10. |
The Fixed Rate Bond (Issue 1) is a limited issue and may be withdrawn without notice. |
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Fixed Rate Bond (Issue 2)
Individual Account Terms & Conditions |
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The Society's General Investment Conditions will apply unless (and to the extent) they are inconsistent
with these Terms and Conditions. |
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| 1. |
The Fixed Rate Bond (Issue 2) is a fixed rate, fixed term account. |
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| 2. |
The Fixed Rate Bond (Issue 2) is not available to non-UK residents, corporate bodies or minors. |
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| 3. |
The Fixed Rate Bond (Issue 2) is limited to one account per customer. |
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| 4. |
The minimum investment and operating balance is £100. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts). |
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| 5. |
Additional funds, up to the maximum investment and operating balance of £1,000,000 (£2,000,000 for joint accounts), may be invested whilst the issue remains open for further investment. |
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| 6. |
The Fixed Rate Bond (Issue 2) will mature at close of business on 1 May 2010. On the day after maturity (2 May 2010), the Society will transfer your investment (including interest) to a maturity account. Full details including terms and conditions will be provided before maturity. |
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| 7. |
Interest is calculated daily and paid on maturity (1 May 2010), or monthly on the last working day of the month. |
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| 8. |
Annual 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. Monthly interest must be transferred either to another building society/bank account or to another account held with the Society. |
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| 9. |
Access is limited to one withdrawal of up to 25% of your initial capital investment without notice or loss of interest prior to maturity (1 May 2010). Closure of the account or further withdrawals are not permitted until the day after maturity
(2 May 2010). |
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| 10. |
The Fixed Rate Bond (Issue 2) is a limited issue and may be withdrawn without notice. |
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Inflation Buster Bond (issue 7)
Individual Account Terms & Conditions |
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The Society's General Investment Conditions will apply unless (and to the extent) they are inconsistent
with these Terms and Conditions. |
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| 1. |
The Inflation Buster Bond (Issue 7) is a variable rate, fixed term account. |
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| 2. |
The Inflation Buster Bond (Issue 7) is not available to non-UK residents or corporate bodies. |
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| 3. |
Only one Inflation Buster Bond (Issue 7) is allowed per customer. |
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| 4. |
The minimum investment and operating balance is £1,000. The maximum investment and
operating balance is £1,000,000 (£2,000,000 for joint accounts). |
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| 5. |
Additional funds, up to the maximum investment and operating balance of £1,000,000 (£2,000,000 for joint accounts), may be invested whilst the issue remains open for further investments. |
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| 6. |
No capital withdrawals are allowed prior to maturity. |
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| 7. |
Interest is calculated daily and paid annually on 31 May (commencing 31 May 2008) and on maturity (31 May 2010). |
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| 8. |
Annual interest can be credited to the account or transferred either to another building society/bank account or to another account held with the Society. |
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| 9. |
The Inflation Buster Bond (Issue 7) will mature at close of business on 31 May 2010. On the day after maturity (1 June 2010), the Society will transfer your investment (including interest) to a Society maturity account, details of which will be sent to you before maturity. |
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| 10. |
The Inflation Buster Bond (Issue 7) is a limited issue and may be withdrawn without notice. |
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| 11. |
The interest rate applicable to your account from the Strike Date up to and including 31 May 2009 will be calculated as the percentage change between RPI on 29 February 2008 and RPI on 28 February 2009 plus 2.00%. The interest applicable to your account from 1 June 2009 until maturity on 31 May 2010 will be calculated as the percentage change between RPI on 28 February 2009 and RPI on 28 February 2010 plus 2.00%. |
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Capital
7
Individual Account Terms & Conditions |
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The Society's General Investment Conditions
will apply unless (and to the extent) they are inconsistent
with these Terms and Conditions. |
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| 1. |
Capital 7 is a variable rate account. |
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| 2. |
Capital 7 is not available to corporate bodies. |
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| 3. |
The minimum investment and operating balance is £1.
This minimum investment must be maintained at all times,
otherwise the account will be closed. The maximum investment
and operating balance is £250,000. |
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| 4. |
Interest is paid annually on 30 April or monthly, paid
on the last day of the month. |
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| 5. |
Monthly interest must be transferred either to another
building society / bank account by direct bank transfer or
to another account held with the Society. Annual interest
can either be credited to the account or to another account
held with the Society, or to another building society / bank
account by direct bank transfer. |
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| 6. |
Withdrawals or transfers require seven days written notice.
If a withdrawal or transfer is required on less notice then
there will be a loss of seven days interest on the amount
withdrawn or transferred. There is no limit to the number
of withdrawals allowed. |
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| 7. |
Where a withdrawal or transfer has not been completed within
fourteen days of receipt of the written notice at the Society,
then a further notice period of seven days is required. |
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| It may be necessary to adjust your capital
balance to compensate for any overpayment of interest, if
withdrawals have taken place in this period.
Monthly Interest:
The amount of interest payable will relate to the specific
number of days over which the money is invested in any
month. (See Terms & Conditions Item 3 regarding investments
by cheque.) |
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Leeds Options Bond (Issue 18)
Individual Account Terms & Conditions |
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The Society's General Investment Conditions
will apply unless (and to the extent) they are inconsistent
with these Terms and Conditions. |
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| 1. |
The Leeds Options Bond (Issue 18) is a fixed rate, fixed term account. |
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| 2. |
The Leeds Options Bond (Issue 18) is not available to corporate bodies, trustees, nominees or non-UK residents. |
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| 3. |
The Leeds Options Bond (Issue 18) is limited to one account per customer. |
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| 4. |
The minimum investment and operating balance is £100. The maximum investment and operating balance is £250,000 (£500,000 for joint accounts), (subject to the initial investment not exceeding 40% of your overall investment, including your investment in Norwich Union’s Portfolio). |
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| 5. |
After the initial investment further deposits cannot be made. |
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| 6. |
The Leeds Options Bond (Issue 18) will mature on 31 May 2009. On maturity, the Society will automatically transfer your investment (including interest) into a Premium Access account (terms and conditions below). |
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| 7. |
Annual interest is credited to the account. Alternatively, you may choose to have interest paid monthly on the last day of each month. |
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| 8. |
You can make one no notice withdrawal before 31 May 2009, subject to the minimum
operating balance being maintained. If a second withdrawal is required or the balance falls below the minimum operating balance, the account will be closed, without loss of interest. |
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| 9. |
The Leeds Options Bond (Issue 18) may be withdrawn without notice. |
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10. |
Monthly interest must be transferred either to another building society/bank account or to another account held with the Society. Annual 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. |
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| 11. |
You must open a Norwich Union Portfolio at the same time as you open the Leeds Options Bond. A minimum of 60% of your investment must be invested in Norwich Union ’s Portfolio. |
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Premium Access (from 2 January 2009)
Individual Account Terms & Conditions |
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The Society's General Investment Conditions
will apply unless (and to the extent) they are inconsistent
with these Terms and Conditions. |
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| 1. |
Premium Access is a variable rate account. |
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| 2. |
Premium Access is not available to corporate bodies. |
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| 3. |
Premium Access is limited to one account per customer. |
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| 4. |
The minimum investment and operating balance is £100. Two withdrawals are allowed each calendar year, without notice or loss of interest, subject to the minimum investment of £100 being maintained at all times. If a third withdrawal is required during any calendar year, or a withdrawal takes the balance below £100, the account will be closed. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts). |
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| 5. |
Interest is paid annually on 1 January or monthly, paid on the last day of the month. |
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| 6. |
Monthly interest must be transferred either to another building society / bank account (by direct bank transfer) or to another account held with the Society. Annual interest can either be credited to the account or to another account held with the Society or to another building society / bank account by direct bank transfer. |
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Family+ Account
Individual Account Terms & Conditions |
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The Society's General Investment Conditions
will apply unless (and to the extent) they are inconsistent
with these Terms and Conditions. |
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| 1. |
Family+ Instant Account is a variable rate account. |
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| 2. |
Family+ Instant Account is not available to corporate bodies, trustees, executors and non-UK
residents. |
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| 3. |
Family+ Instant Account is limited to one account per customer. |
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| 4. |
The minimum operating balance is £100. The minimum investment is £20 per month from a non-Leeds Building Society account. A minimum of £20 per month must be received by
standing order and any further payments can be received by standing order, cheque, cash or transfer. |
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| 5. |
The maximum operating balance is £100,000. Standing order deposits must not exceed £2,000 per month. |
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| 6. |
Interest is paid annually on 1 September (commencing 1 September 2008). |
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| 7. |
Interest can either be credited to the account or to another account held with the Society, or transferred to another building society / bank account by direct bank transfer. |
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| 8. |
Withdrawals are allowed at any time without notice or loss of interest subject to the minimum operating balance of £100 being maintained. |
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| 9. |
At least one Family+ Notice Account must be opened in conjunction with the Family+ Instant Account. |
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| 10. |
The Family+ Instant Account may be withdrawn without notice. |
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Family+ Notice Individual Account Terms & Conditions
These terms & conditions will apply to the Family+ Notice Account (30, 60, 90 and 365 days
notice) |
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The Society's General Investment Conditions
will apply unless (and to the extent) they are inconsistent
with these Terms and Conditions. |
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| 1. |
Family+ Notice Account is a variable rate account. |
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| 2. |
Family+ Notice Account is not available to corporate bodies, trustees, executors and non-UK residents. |
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| 3. |
At least one Family+ Notice Account must be opened and linked to the Family+ Instant Account. |
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| 4. |
The minimum operating balance is £20. The minimum standing order per Family+ Notice
Account is £20 per month from the Family+ Instant Account. Payments are not accepted by
cash, cheque or transfer, and only one payment per month is allowed into each Family+ Notice
Account. |
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| 5. |
The maximum operating balance per Family+ Notice Account is £25,000. The maximum standing order is £2,000 per month from the Family+ Instant account. Only one standing order
per month is allowed. |
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| 6. |
Interest can either be credited to the account or to another account held with the Society, or to another building society / bank account by direct bank transfer. |
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| 7. |
Withdrawals from each Family+ Notice are determined by the notice period you have chosen, either 30, 60, 90 or 365 days or are subject to 30, 60, 90 or 365 days loss of interest on the
amount withdrawn. The minimum operating balance of £20 must be maintained. |
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| 8. |
Interest is paid annually on 1 September (commencing 1 September 2008). |
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| 9. |
At least one Family+ Notice Account must be opened in conjunction with the Family+ Instant Account. |
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