2 Year Fixed Rate Cash ISA (Issue 96)Rates correct as at 9 NOV 2017
If you’re looking for the security of a fixed tax-free interest rate, our 2 Year Fixed Rate Cash ISA (Issue 96) could be for you.
1.50% Tax-free§ p.a./AER† (fixed)
|Account Name||2 Year Fixed Rate Cash ISA (Issue 96)|
|What is the interest rate?||Annual Interest 1.50% Tax free§ p.a./AER† (fixed until 2 January 2020).
If the balance falls below £100, the interest rate that shall apply is 0.05% Tax free§ p.a./AER†(variable).
Interest is calculated daily and paid annually on 2 January (commencing 2 January 2019) and on maturity (2 January 2020).
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 24 months based on a £1000 deposit?||Assuming that £1,000 is deposited into the account at the time it is opened, and no further withdrawals are made, then based on an interest rate of 1.50% you will receive an interest payment of £30.23 at the end of the fixed term (2 January 2020), giving an overall account balance of £1,030.23.
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 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 December. 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 150 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 2 January 2020. On the day after maturity (3 January 2020), 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 Information||This 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 09 November 2017.
Please note that even though our accounts can be opened online, not all of our products can be operated online. The details above only provide a summary of the account. Please check the Product Terms and Conditions (PDF) for full details.