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Savings & Investments
Premier Current Account
A flexible way to manage your money
At Leeds Building Society we offer great value through a comprehensive range of financial services, very competitive interest rates and a real commitment to getting things right.
That’s because we remain an independent building society, a mutual, driven by our customers.
If you’re looking for a flexible way to manage your money and organise your household bills, the Premier Current Account works perfectly. And with Standing Orders, Direct Debits and the option of an overdraft, it includes everything you need to keep your finances under control.
You can choose either a passbook to access your money or a cheque book. Overdrafts and cheque books are subject to status.
| Summary Box Key Product Information for our Savings Account(s) |
|
|---|---|
| Account Name | Premier Current Account |
| Interest Rates (AERs) | See the "How much interest will I earn?" table below. |
| Tax Status | The gross rate(s) of interest shown will be payable net of the appropriate rate of income tax (which may be reclaimed by non-taxpayers) or, subject to the required certification, gross. |
| Conditions for bonus payment | There is no bonus available on this account. |
| Withdrawal arrangements | Unlimited withdrawals can be made without notice or loss of interest, subject to the minimum balance of £100 being maintained. |
| Access | Account can be opened and operated through any of our branches or by post. |
How much interest will I earn?
| Investment | Annual Interest % Gross§ p.a./AER† (Variable) |
|---|---|
| £150,000+ | 1.25 |
| £100,000+ | 0.85 |
| £25,000+ | 0.30 |
| £100+ | 0.05 |
Rates correct as at 31 December 2010.
Other Product Features:
Minimum and maximum investment and operating balance:
The minimum investment is £100 and the maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts).
When is interest paid?
Interest is paid annually on 1 September.
How is interest paid?
Interest is credited to the account.
Unauthorised overdraft charges
If you use the Premier Current Account to make payments when you do not have enough money in your account, you may have to pay charges as a result. View details of our unauthorised overdraft charges.
Operating the account:
Your choice of either a passbook or cheque book.
Services available:
Direct Debits, Standing Orders and overdraft facilities are available (subject to status).
Organising your money:
You can take the pain out of paying bills by paying them by Direct Debit or Standing Order. It’s easy to transfer money from one account to another and cash withdrawals can be made at any Leeds Building Society branch.
Your salary, pension or other regular income can be paid directly into the account and cash and cheques can be paid in at any of our branches.
Added flexibility with an overdraft facility
The Premier Current Account also offers an overdraft facility for the times you need to go overdrawn. We request that you operate your account for 6 months, after which you can request an overdraft at any time and once authorised, it will be in place whenever you need it. The overdraft facility is subject to status.
Free Banking
You won’t have to pay a penny! There are no monthly or annual charges to run the account. No matter how many transactions you make by cash, cheque, BACS, Standing Order or Direct Debit, you will not be charged for the day to day operation of your account provided your account remains in credit.
