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1 Year Fixed Rate ISA (Issue 85)

Summary

If you’re looking for the security of a fixed tax-free interest rate, our 1 Year Fixed Rate ISA (Issue 85) could be for you.

This account is limited issue. Once the account is open, you can transfer in previous ISA investments (including 2016/2017 ISA funds deposited with another institution provided these are not an Innovative Finance ISA) or deposit new 2016/2017 funds up to and including 29 July 2016. After this date the account may be closed for further deposits at any time and without notice.

Interest Rate:


1.25% Tax-free§ p.a./AER (fixed)

Best for:
1 year fixed tax-free rate

  • Interest paid: on maturity (31 Jul 2017)
  • Minimum investment and operating balance: £100
  • Maximum investment: The maximum you can invest in 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: Withdrawals/transfers of your capital investment prior to maturity (31 Jul 2017) are permitted, although they will be subject to 60 days' loss of interest or an equivalent amount on the amount withdrawn/transferred
  • Rates: fixed for a one year period
  • Further deposits: not permitted in future tax years

Why open a 1 Year Fixed Rate ISA?

  • Tax-free savings
  • Open online, in branch or by post
Account Name:1 Year Fixed Rate ISA (Issue 85)
Interest rates (AERs)1.25% Tax-free§ p.a./AER (fixed)
TaxThis is a tax-free account so 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.
BonusThere is no bonus available
WithdrawalPlease see detailed information below
AccessAccount can be opened online, in any of our branches or by post, and can be operated in branches or by post
Like the sound of our 1 Year Fixed Rate ISA?Apply OnlineApply by PostApply in Branch
Rates correct as at 9 JUN 2016Back to ISA Tax-Free Accounts

Detailed information

Withdrawal arrangements

Withdrawals/transfers of your capital investment prior to maturity (31 Jul 2017) are permitted, although they will be subject to 60 days' loss of interest or an equivalent amount on the amount withdrawn/transferred.

This is not a flexible ISA meaning any amount withdrawn cannot be  replaced and will count towards your yearly ISA limit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 £100. If the balance falls below £100, 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).

Once the account is open, you can transfer in previous ISA investments (including 2016/2017 ISA funds deposited with another institution provided these are not an Innovative Finance ISA) or deposit 2016/2017 funds up to and including 29 Jul 2016. After this date the account may be closed for further deposits at any time and without notice.

When is interest paid?

Interest is calculated daily and paid on maturity (31 Jul 2017)

How is interest paid?

Interest can be credited to the account or transferred to another building society/bank account or to another account held with the Society.

Transfers

Transfer your existing Cash ISA or Stocks and Shares ISA to Leeds Building Society (Please note Leeds Building Society will not accept transfers of an Innovative Finance ISA)

Cash ISA

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.

View the ISA Transfer Guidance PDF document »

View the Stocks and Shares to Cash ISA Transfer Authority form »

View the Cash ISA to Cash ISA Transfer Authority Form »

What happens to my investment at maturity?

The 1 Year Fixed Rate ISA (Issue 85) will mature at midnight on 31 Jul 2017. On the day after maturity (01 Aug 2017), the Society will transfer your investment (including interest) to an instant access maturity ISA product. Full details, including terms and conditions, will be provided before maturity.

Withdrawals

You can withdraw money from your Cash ISA at any time, and your interest will still be paid, tax-free, (although please note that for some products early withdrawal/transfer charges or restrictions may apply). However, any amount withdrawn will count towards your overall ISA limit for each tax year, for example:

If you invest: £2,240
Then withdraw: £500
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

Any amount withdrawn would also lose the tax-free benefit on the amount withdrawn.

View Key Features Terms & Conditions (PDF)

Like the sound of our 1 Year Fixed Rate ISA?Apply OnlineApply by PostApply in Branch