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1 Year Fixed Rate Cash ISA (Issue 104)

Rates correct as at 16 FEB 2018

If you’re looking for the security of a fixed tax-free interest rate, our 1 Year Fixed Rate Cash ISA (Issue 104) could be for you.

Interest Rate:

1.35% Tax-free§ p.a./AER (fixed)

Account Name1 Year Fixed Rate Cash ISA (Issue 104)
What is the interest rate?Annual Interest 1.35% Tax free§ p.a./AER(fixed until 30 April 2019).

If the balance falls below £100, the rate of interest which shall apply is 0.05% Tax free§ p.a./AER# (variable).

Interest is calculated daily and paid on maturity (30 April 2019).

Interest can be credited to the account or transferred to another building society/bank account or to another account held with the Society.
Can Leeds Building Society change the interest rate?No - the rate of interest won’t change during the fixed rate period subject to the minimum balance of £100 being maintained.
What would the estimated balance be after 12 months based on a £1000 deposit?Assuming that £1,000 is deposited into the account at the time it is opened and no further deposits or withdrawals are made then based on an interest rate of 1.35% you will receive an  interest payment of £13.50 at the end of the fixed term (30 April 2019), giving an overall account balance of £1,013.50.

This projection is provided for illustrative purposes only and will depend on the individual circumstances of each customer.
How do I open and manage my account?Eligibility

The account is available to individuals aged 16 or over. You must be a UK resident for tax purposes or be performing duties as a Crown employee, or be married to, or in a civil partnership with such a person.

The account can only be held in your name.

You may only subscribe to one Cash ISA in a single tax year.

Account opening and operation

The account can be opened through any of our branches, via our website or by post.

The account can only be operated in branch or by post

Minimum operating balance: £100.

Maximum balance: £20,000 in the 2017/2018 tax year less any amount you have already subscribed in a Stocks and Shares ISA, Innovative Finance ISA and/or Lifetime ISA in the same tax year.

Once opened, deposits can be made up to and including 29 March 2018. After this date the account may be closed for further deposits at any time and without notice.

Where you have not invested your full ISA allowance for the 2017/2018 tax year and the account has closed for further deposits, you will only be able to utilise this by investing in another type of ISA or by transferring your Cash ISA to another Leeds Building Society Cash ISA or to another ISA manager, in which case you may incur a loss of interest.
Can I withdraw money?Withdrawals/transfers are permitted, although they will be subject to 60 days’ loss of interest or an equivalent amount withdrawn/transferred.

This is not a flexible ISA meaning any amount withdrawn cannot be replaced and will count towards your yearly ISA limit.

You can withdraw up to a maximum of £300 in cash in branch each day. If you require more than this amount (up to a maximum of £1,000) you will need to provide the Society with 48 hours’ notice.

The account will mature at midnight on 30 April 2019. On the day after maturity (1 May 2019), your funds (including interest) will be transferred to an instant access ISA maturity account. Full details including terms and conditions will be provided before maturity.
Additional InformationThis is a Cash ISA. Interest payable is exempt from income tax. The tax treatment depends on the individual circumstances of each customer and may be subject to change in the future.

The amounts you can invest are set by HM Revenue & Customs (HMRC) and therefore may change.

Information correct as at 16 February 2018.
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The Summary Box sets out only the key information, for full details please read our

Your savings are also protected by the FSCS. For details please read our FSCS Information Sheet (PDF)

Before you apply, please make sure you read the Summary Box, Product terms and conditions and General investment conditions in full.Apply in Branch >Apply by Post >Apply Online

Alternate ways to apply

Visit your local branch and our friendly staff will help you to open your account.

Download your savings application pack to apply by post.