Leeds Building Society Homepage
*
 
Online Services
LOG IN
FIND OUT MORE
Quick Links
Branch Finder
Press Office
Intermediary Website
Career Opportunities
Contact Us
Site Map
  i-Save
Home > Savings > Our Savings Range > i-Save

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 £100,000, our i-Save account offers a fantastic rewards package

Key features at a glance

  • Minimum investment: £10.
  • Maximum investment: £1,000,000.
  • When is interest paid? Annually on 1 January.
  • How is interest paid? Interest may be credited to the account, paid to another account with the Society or transferred to a bank or building society account.
  • Withdrawals: Unlimited penalty-free withdrawals providing the minimum operating balance remains.
  • Age Qualification: 18-29 inclusive to open an account. Free savings review at age 30 to help with choice of other suitable accounts.

How much interest will I earn?

Investment Gross Rate§ p.a/AER† Variable %
£10+ 4.20*
*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.
Interest rates effective from 1 May 2008

Plus all i-Save account holders receive a fantastic rewards package.

  • You get commission-free travel money – giving you more to spend on
    your holiday – and 10% off annual travel insurance.
     
  • When you’ve held your account for six months, we give you £300 cashback
    on your first Leeds Building Society mortgage.

Apply by Post

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.

We reserve the right to vary any special offers from time to time, and offers are subject to availability.

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.