Back to March 2015

Leeds Building Society adds to tax free savings choice with easy access ISA

Leeds Building Society is relaunching its Everyday ISA, offering savers a competitive return of 1.25% tax-free† pa/AER*.

Everyday ISA – and its online-only equivalent, E-ISA – allows unlimited withdrawals without notice.

The minimum investment is £1 and up to £15,000, the ISA allowance for the current financial year, can be invested. Transfers in of previous years’ ISA subscriptions, including Stocks and Shares ISAs, also are permitted.

“Every adult saver should have an ISA and the competitive rate and easy access of our Everyday ISA make it an attractive product which is simple and convenient to operate,” said Kim Rebecchi, Leeds Building Society’s Distribution and Marketing Director.

“Savers will be waiting to see whether the Chancellor announces further increases in ISA allowances come the Budget, after the significant rise to £15,000 last summer.

“We know plenty of savers took advantage of this increase to move more cash into accounts with tax-free returns.

“There is still another month of the current tax year to make the most of your allowance if you’ve not done so already.”

Everyday ISA can be opened online, by post or by branch and operated by post or in branch.

E-ISA can be opened and operated online only.

Ends

Notes to Editors

Key Features

Everyday ISA

  • 1.25% tax-free† p.a./AER* variable rate
  • Interest is paid annually on 31st October
  • Interest can be added to the account, transferred or paid to another account with the Society
  • Minimum Investment £1
  • Maximum investment is £15,000 (2014/2015 tax year allowance)
  • Transfers in of previous years ISA subscriptions are permitted, including Stocks and Shares ISAs
  • Available to open in branch, by post or online and can be operated via post and branch

E-ISA

  • 1.25% tax-free† p.a./AER* variable rate
  • Interest is paid annually on 31st October
  • Interest can be added to the account, transferred or paid to another account with the Society
  • Minimum Investment £1
  • Maximum investment is £15,000 (2014/2015 tax year allowance)
  • Transfers in of previous years ISA subscriptions are permitted, including Stocks and Shares ISAs
  • Can be opened and operated online only

Leeds Building Society has won four awards for innovation in the past 12 months, including being named ‘Innovator of the Year’ at the Moneywise Magazine Mortgage Awards 2014 for its Welcome Mortgage. This allows borrowers to pay 0% interest for the first few months of their term so they can free up cash to help them settle into their new home.

The Society scooped the ‘Mortgage Innovation Award’ and was named ‘Most Innovative Personal Finance Provider’ at the Moneynet Personal Finance Awards 2014, and also received the ‘Innovation Award (Lenders)’ at the Mortgage Finance Gazette Awards 2015, in addition to being named ‘Best Intermediary Lender’, both for the second consecutive year, and winning the award for ‘Best Use of Technology (Lenders)’.

Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £12.1bn (as at 31st December 2014). The Society has operated from the centre of Leeds since 1886.