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Savings & Investments
i-Save
The savings account for 18-29 year olds
As well as giving 18-29 year olds the flexibility of saving anything from £10 to £1,000,000 (£2,000,000 for joint accounts), our i-Save account offers a fantastic rewards package.
| Summary Box Key Product Information for our Savings Account(s) |
|
|---|---|
| Account Name | i-Save |
| Interest Rates (AERs) | 1.25% Gross§ p.a./AER† (variable) Customers aged 18 and over who transfer their existing Society YoungSaver account will qualify for Loyalty i-Save which adds an additional 0.25% to the rate quoted above. |
| 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 £10 being maintained. If the account balance falls below £10 the account will be closed. |
| Access | Account can be opened and operated through any of our branches or by post. |
Rates correct as at 1 September 2010.
Other Product Features:
Minimum and maximum investment and operating balance:
The minimum investment and operating balance is £10 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 January.
How is interest paid?
Interest can be either added to the account or transferred either to another building society/bank account or to another account held with the Society.
Age Qualification
You must be aged between 18-29 inclusive to open an account. You can open a joint account as long as both of you are aged between 18-29 when the account is opened.
Extra Benefits
When you've have held your account for six months, we will give you £300 cash back on your first Leeds Building Society mortgage.
