Access ISA (Issue 2)
Looking for a straightforward variable rate cash ISA that leaves you in control of your cash? Our Access ISA may be the answer.
The account offers all the benefits of a simple tax-free savings account - including the flexibility to make lump sum deposits or save regularly - and you can open your cash ISA with as little as £1. The account gives you immediate access to your money, without notice or loss of interest, whenever you need it.
The account may be closed for further investment upon a minimum of 30 days' written notice.
0.50% Tax-free§ p.a./AER† (variable)
- Interest paid: annually on 30 Sep (commencing 30 Sep 2017)
- Minimum operating balance: £1
- Maximum Balance: The maximum you can invest for the 2016/ 2017 tax year is £15,240, less any amount invested in a Stocks and Shares ISA and/ or an Innovative Finance ISA in the same tax year
- Withdrawals: unlimited withdrawals can be made without notice or loss of interest
Why open a Access ISA?
- Straightforward savings with security
- Lump sum investments
- Open in branch, online or by post
|Account Name:||Access ISA (Issue 2)|
|Interest rates (AERs)||0.50% Tax-free§ p.a./AER† (variable)|
|Tax||This is a tax-free account so interest payable is exempt from income tax|
|Bonus||There is no bonus available on this account|
|Withdrawal||Please see detailed information below.|
|Access||Can be opened online, in branch or by post and can be operated by branch or by post|
Unlimited withdrawals can be made without notice or loss of interest.
This is not a flexible ISA meaning any amount withdrawn cannot be replaced and will count towards your yearly ISA limit
Minimum investment and operating balance:
The minimum investment and operating balance is £1. If the balance falls below £1, the basic investment rate of interest which is currently 0.05% Tax-free†p.a/AER* (variable) shall apply.
Maximum investment and operating balance:
The maximum you can invest is £15,240 (less any amount invested in a Stocks and Shares ISA and/or an Innovative Finance ISA in the same tax year). You may transfer in previous or current years' ISA investments provided the product has not been withdrawn. The account may be closed for further investment upon a minimum of 30 days' written notice after which you will not be able to invest further funds.
When is interest paid?
Interest is paid annually on 30 Sep (commencing 30 Sep 2017).
How is interest paid?
Interest can be either added to the account or transferred either to another building society/bank account or to another account held with the Society.
Transfer your existing Cash ISA or Stocks and Shares ISA to Leeds Building Society
To transfer all or part of your existing Cash ISA you will need to complete the Cash ISA Transfer Authority Form and Cash ISA Application Form (if required). Transferring your Cash ISA from your previous ISA manager can take up to 15 working days.
Stocks and Shares ISA
If you wish to transfer your full existing Stocks and Shares ISA you will need to complete a Stocks and Shares to Cash ISA Transfer Authority Form and Cash ISA Application Form (if required).
Transfer your Leeds Building Society ISA to another ISA Manager
If you wish to transfer all or part of your Cash ISA to another ISA manager prior to the maturity date, you will need to contact your new ISA manager and complete their transfer request form. Please note HM Revenue and Customs guidelines state that a cash ISA transfer must be completed within 15 working days of receipt of an instruction from you. For further details, please see condition 7 of the Product Terms and Conditions.
You can make withdrawals without notice or loss of interest and your interest will continue to be paid tax-free. Withdrawals can be made in person at any Leeds Building Society branch or by writing to Investment Services, Leeds Building Society, 105 Albion Street, Leeds LS1 5AS.
Remember, if you make a withdrawal this will count towards your overall ISA limit, for example:
|If you invest:||£2,240|
|Your remaining limit is (provided you have made no investments to a Stocks and Shares ISA and/or an Innovative Finance ISA in the 2016/2017 tax year):||£13,000|
|Total ISA investment limit:||£15,240|