E-ISA (Issue 4)Rates correct as at 25 OCT 2017
Our E-ISA is a simple online ISA account. It has all the benefits of an ISA, but can only be opened and operated online. So if you prefer doing things online, its even easier to keep track of your savings.
You can open the account with as little as £1 and can make unlimited withdrawals to your Nominated Accounts (as defined in the Online Conditions) without losing interest - just make sure you keep the balance above £1.
0.60% Tax-free§ p.a./AER† (variable)
|Account Name||E-ISA (Issue 4)|
|What is the interest rate?||Annual Interest 0.60% Tax free§ p.a./AER† (variable)
If the balance falls below £1, the rate of interest which shall apply is 0.05% Tax free§ p.a./AER†(variable) shall apply.
Interest is calculated daily and paid annually on 30 September (commencing 30 September 2018)
Annual 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?||Yes. Please see conditions 13 and 14 of the Online Investment Conditions which provide details as to when and how we can change the interest rate.|
|What would the estimated balance be after 12 months based on a £1000 deposit?||Assuming that £1,000 is deposited into the account on 1st October and no further deposits or withdrawals are made, then based on an interest rate of 0.60% you will receive a £6.00 interest payment after 12 months, giving an overall account balance of £1,006.00.
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?||This account is only available to individuals aged 16 and over who are resident in the United Kingdom, or if not so resident, be performing duties as a Crown employee serving overseas and paid out of the public revenue of the United Kingdom (typically a serving member of the armed forces, or a diplomat), or be married to, or in a civil partnership with, such a person.
Cash/cheque deposits are not permitted (except for your initial investment, which may be made by cheque).
The account can be opened online via our website.
Minimum operating balance: £1.
The maximum you can invest in the 2017/2018 tax year is £20,000 (less any amount invested in a Stocks and Shares ISA and/or an Innovative Finance ISA and/or Lifetime ISA in the same tax year).
The account can only be operated online through our website.
|Can I withdraw money?||Unlimited withdrawals can be made to your Nominated Accounts (as defined in the Online Conditions) without notice or loss of interest, subject to the minimum balance of £1 being maintained.
This is not a flexible ISA meaning any amount withdrawn cannot be replaced and will count towards your yearly ISA limit.
Cash/cheque withdrawals are not permitted.
When money is paid into your account, provided the payment is received by us between 7am and 7pm, you will be able to withdraw the funds that day. Withdrawals to your Nominated Accounts made before 8pm on a working day will be made available to the payee the next working day.
You will not be able to withdraw money from your account for a period of 30 days from the date it’s opened. If you need money urgently please call our customer helpline on 03450 50 50 75.
|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.
The account may be closed to further deposits upon a minimum of 30 days' written notice.
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)