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Savings & Investments
3 Year Fixed Rate ISA (Issue 16)
If you want to save tax free – and also want to enjoy the reassurance of a guaranteed return – a Leeds Building Society 3 Year Fixed Rate ISA (Issue 16) may be just what you’re looking for. It’s a refreshingly simple savings account, which combines the tax advantages of an ISA with great rates and efficient service from Leeds Building Society.
What’s more you can easily transfer your existing ISA funds from another ISA provider to secure this great interest rate (subject to the ISA Regulations).
The Financial Services Authority is the independent financial services regulator. It requires us,
Leeds Building Society, to give you this important information to help you to decide whether our 3 Year Fixed Rate
ISA (Issue 16) is right for you. You should read this document carefully so that you understand what you are buying,
then keep it safe for future reference.
| Summary Box Key Product Information for our Savings Account(s) |
|
|---|---|
| Account Name | 3 Year Fixed Rate ISA (Issue 16) |
| Interest Rates (AERs) | See the "How much interest will I earn?" table below. |
| Tax Status | This is a tax-free account so interest payable is exempt from income tax. |
| Conditions for bonus payment | There is no bonus available on this account. |
| Withdrawal arrangements | Withdrawals/transfers can be made of up to 25% of your capital investment without notice or loss of interest prior to maturity (30 April 2013). If you exceed this limit, the account will be subject to 120 days loss of interest or an equivalent amount on the amount withdrawn/transferred. |
| Access | Account can be opened through any of our branches, via our website or by post, and can be operated through any of our branches or by post. |
How much interest will I earn?
| Investment | Annual Interest % Tax-free§ p.a./AER† (Fixed) |
|---|---|
| £1+ | 3.50 |
Rates correct as at 12 March 2010.
Other Product Features:
Minimum and maximum investment and operating balance:
The minimum investment is £1. The maximum investment is £3,600 in 2009/10 tax year plus previous years’ subscriptions, whether held with the Society or another ISA provider. For eligible investors born on or before 5 April 1960, the maximum investment is £5,100 in the 2009/10 tax year. From 6 April 2010, you can invest up to £5,100 in the 2010/11 tax year whilst the issue remains open for further investment.
When is interest paid?
Interest is paid annually on 5 April (commencing 5 April 2010) and on maturity (30 April 2013).
How is interest paid?
Annual interest can either be credited to the account or transferred either to another building society/bank account or to another account held with the Society. Where annual interest is credited to the account then all interest earned can be withdrawn between 6 and 30 April each year without notice or loss of interest.
Transfers in
To transfer all or part of your existing ISA from another ISA provider, simply complete the ISA Transfer Request Form in addition to the ISA Application Form and we'll do the rest.**
Transfers out
Transfers can be made of up to 25% of your capital investment to another ISA provider before maturity (30 April 2013) without notice or loss of interest. If you exceed this limit, the account will be subject to 120 days loss of interest or an equivalent amount on the amount transferred.
What happens to my investment at maturity?
Your 3 Year Fixed Rate ISA (Issue 16) will mature at close of business on 30 April 2013. On the day after maturity (1 May 2013), the Society will transfer your investment (including interest) to a maturity ISA product. Full details, including terms and conditions, will be provided before maturity.
